North Carolina News

Lawyers Marching on Atlanta

What lawyer doesn’t like a good fight? As we report in this issue of Insurance Journal Southeast, the Georgia Legislature is considering a number of bills that address tort reform in the Peach State (page 8). Skyrocketing medical malpractice rates …

NORTH CAROLINA DEPARTMENT RESPONDS TO AUTO RATE FILING:

Insurance Commissioner Jim Long recently announced the receipt of the 2004 auto insurance rate filing from the North Carolina Rate Bureau (NCRB). The NCRB, an independent organization representing all auto insurance companies in the state, files annually for changes in …

MEDICAL LIABILITY REFORM GROUP PRAISING SENATE LEADERS FOR THEIR EFFORTS TO IMPROVE SYSTEM:

The Coalition for Affordable and Reliable Health Care (CARH), an organization of health care providers and others dedicated to medical liability reform, recently praised new efforts by U.S. Senate leaders to bring balance to the medical justice system and reduce …

New Jersey Broker Acquired By American Wholesale Insurance Group

American Wholesale Insurance Group, a large independent wholesale insurance broker, has acquired New Jersey-based Property Risk Services, LLC. (PRS), a property wholesale brokerage group. “The addition of PRS exemplifies American Wholesale’s commitment to acquisitions that provide increased product offerings and …

IIAJC Tees Off Again in 2004

The Independent Insurance Agent Junior Classic (IIAJC), sponsored nationally by the Independent Insurance Agents & Brokers of America, and the largest golf tournament in the country that results in one champion, tees off again this year. Each year more than …

North Carolina Commissioner Orders Hearing on 2004 Auto Rate Filing

North Carolina Insurance Commissioner Jim Long has ordered a hearing to discuss the insurance industry’s latest request for an increase in auto insurance rates. Long will preside over the hearing, called for July 26 and expected to continue for four …

Pinnacle, MSA Group Unveil New Agency Education Institute

Pinnacle Training & Consulting is partnering with The Main Street America Group to make available a new series of personal and commercial lines training programs to independent agents. The new programs comprise: — CSR and New Producer Academies: One-week, personal …

RESIDUAL MARKETS A BURDEN:

A new report by the Property Casualty Insurers Association of America (PCI) shows that residual market plans for private passenger auto insurance continue to result in significant losses for insurance companies. All states and the District of Columbia have systems …

AUTO RESIDUAL MARKET LOSSES RISE

The Property Casualty Insurers Association of America reported that residual market plans for private passenger auto insurance continue to result in significant losses. The private passenger auto residual market increased from 1.5 percent of premiums nationwide in 2000 to 1.8 …

Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage

Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000 phony errors and omissions (E&O) policies for life insurance agents in some 30 states. …