North Carolina News

Agency Management Systems: Still Waiting for True Integration with Carriers

The true integration of agency management systems with carrier systems may be on the horizon—but current market dynamics make it a very distant horizon. In the meantime, more of the policy transaction process and document storage burden falls on the …

N.C. Supreme Court Upholds Punitive Damages Cap

Southeast News • April 7, 2004 “We need more of these controls on the get rich quick low files out there. Other states need to incorporate the same cap, that’s more than enough.” — Weldon “Wally” Wallace, Weatherford, Texas

More Maryland Bills Assist Isabel Victims

In the final days of the Maryland General Assembly’s 2004 session, Maryland lawmakers approved several measures to help Tropical Storm Isabel victims and to prevent future problems with flood insurance policies. On the last day of the 90-day session, legislators …

IIANC Ships Goods to Troops in Iraq

The Independent Insurance Agents of North Carolina (IIANC) along with independent agencies and companies around the state have begun a campaign to send supplies to our troops in Iraq. To date more than 50 boxes have been shipped to service …

Trident, Millennium Form Partnership to Insure Utilities

Trident Insurance Services LLC, a wholly owned subsidiary of San Antonio-based Argonaut Group Inc., announced the creation of a property and casualty insurance program designed specifically for public water and sewer utilities. Trident will partner with Millennium Insurance Group, a …

N.C. Agents Tee-Off for Young Golfers to Play in Regional IIAJC Qualifying Tournaments

The Independent Insurance Agents of North Carolina will sponsor qualifying tournaments for the annual Independent Insurance Agent Junior Classic (IIAJC) national finals. The tournament is open to local junior golfers—both boys and girls—18 and under who have not started college. …

N.C. Residents Urged to Exercise Caution in Aftermath of Hurricanes; Atlantic Basin Forecast Released

Hurricane Isabel was directly or indirectly responsible for 50 deaths nationwide and caused an estimated $170 million of property damage in North Carolina last September. Experts predict 14 named storms and eight hurricanes in the Atlantic basin for 2004. Now …

Thomas Receives InsurPac Young Agent Award

The Independent Insurance Agents & Brokers of America reported that Ernest Jeffrey Thomas of LaGrange, N.C., was honored with the InsurPac Young Agent Recognition Award bestowed annually upon the young agent or broker making the most significant impact on fundraising …

Penn National Announces Surplus Note Offering

Penn National Insurance of Harrisburg, Pa. is issuing $50 million in surplus notes of Pennsylvania National Mutual Casualty Insurance Company. Bear, Stearns & Co. Inc. will serve as the sole bookrunning manager for this offering. The company is planning to …

Agents Hear Updates on Regulatory Reform, 2004 Senate Races

Washington, D.C. – With a packed attendance for the Thursday morning breakfast session, independent agents at the 28th Annual Independent Insurance Agents and Brokers’ 2004 National Legislative Conference, heard from a pair of speakers – Louisiana Congressman Richard Baker (R) …