AXIS U.S. Insurance announced from its headquarters in Alpharetta, Ga., that it has expanded both its professional lines capabilities and its Builders Risk Product Offerings. For greater coverage of professional liability risks, AXIS U.S., a subsidiary of the Bermuda holding …
An analysis conducted by the Property Casualty Insurers Association of America (PCI) suggests there is a connection between residual auto market populations and state rating laws. The analysis found that residual market populations, also referred to as assigned risk plans, …
Insurance Services Office, Inc. (ISO) has introduced a personal auto rating program carriers can use to tailor the cost of insurance for bodily injury and property damage liability and no-fault/medical payments coverage based on a car’s make and model. ISO …
The North Carolina Chapter of Doctors for Medical Liability Reform announced that Congressman Richard Burr, currently running for U.S. Senate, has signed their pledge supporting federal legislation that would limit non-economic medical liability awards to $250,000.00 and help keep high-quality …
Pennsylvania-based Donegal Group Inc. reported net income for the quarter ended March 31, 2004 of $11,732,306, or $.87 per share on a diluted basis, which includes an extraordinary gain of $5,445,670, or $.40 per share on a diluted basis, related …
A resolution that calls for a study of the need to prohibit insurance companies from owning auto repair facilities was deferred indefinitely following a hearing on the issue in Honolulu recently. Senate Concurrent Resolution 94 would direct the Legislative Reference …
Insurance Commissioner John Garamendi announced the arrests of nine suspects by the California Urban Auto Fraud Task Force for embezzlement, conspiracy and tax evasion in connection with an “insider” insurance scam. Investigators made the arrests in the Calif. cities of …
Applied Systems Inc. announced the appointments of Wayne Pardue to the newly created position of Chief Sales and Marketing Officer and Tony Villa to the newly created position of Executive Vice President of Product Management and Marketing. In these new …
North Carolina-based BB&T Corporation has reported net income for the first quarter of 2004 totaling $328.5 million, or $.60 per diluted share. Net income increased slightly compared with $327.7 million earned in the first quarter of 2003, while diluted earnings …
North Carolina Gov. Mike Easley has named Pamela Thorpe Young of Cary to serve as vice chair of the North Carolina Industrial Commission. Easley appointed Young to the commission in May of 2003. “Pam’s extensive legal qualifications and her strong …
