North Carolina News

Identity Theft

Nuts & Bolts: Travelers Property Casualty Corp. is offering a new master policy to cover identity theft expenses. Financial institutions or other commercial businesses can purchase this policy on behalf of their account holders or customers, or use as an …

Despite Some Bumps, North Carolina P/C Market Remains Strong

North Carolina Insurance Commissioner Jim Long recently set aside some time to talk with Insurance Journal Southeast regarding some of the issues impacting the state. A native of Burlington, N.C., Long was first elected to his current statewide post in …

Where are the Southeastern Commissioners on Rate Modernization’

For reasons that remain incomprehensible to me, some lawmakers tend to believe that they have a constitutional duty to meddle in rate filings. South Carolina Insurance Director Ernst Csiszar was the first to admit that he looked a little bedraggled …

Manning Riddell Sued 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. …

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 …

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, this week praised new efforts by U.S. Senate leaders to bring balance to the medical justice system and …

N.C. SAFE KIDS Partners with Kiwanis Clubs for Child Passenger Safety Week

Nearly 40 SAFE KIDS coalitions and chapters throughout North Carolina with the support of Kiwanis Clubs are sponsoring a statewide Child Passenger Safety Seat Check Saturday, Feb. 14. The seat check, which will be held in 36 locations across the …

California Workers’ Comp Costs Per Claim Continue Rapid Growth

California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge, Mass.-based Workers’ Compensation Research Institute. California has …

Residual Markets Continue to Burden Auto Insurers

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. But one state, South Carolina, has turned the corner …

N.C. Department Responds to Auto Rate Filing

Insurance Commissioner Jim Long last week 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 …