Senators have removed a North Carolina budget proposal provision that sought to shift decisions on insurance rates to the hands of a seven-member board. The Senate Appropriations Committee voted to delete lines that would have abolished authority of the insurance …
After significant catastrophe losses in first quarter 2010, U.S. property/casualty insurers and global reinsurers are hoping their balance sheets don’t face further financial risks, even as conditions appear ripe for the upcoming hurricane season to be potentially as active as …
Suspicious insurance claims from staged accidents are on the rise- and nowhere more than in New York and Florida, two states with no-fault statutes. Georgia and North Carolina are also among the top states. Overall, the number of questionable claims …
Insurers in North Carolina are preparing to offer premium credits to homeowners who implement storm mitigation improvements. On behalf of insurers, the North Carolina Rate Bureau has filed a proposal with the Department of Insurance to provide credits to homeowners …
$50 Million The total amount in auto insurance refunds that insurers began mailing this month to about one million North Carolina insureds. The distribution is a result of the 2009 auto rate settlement with the insurers’ rating bureau that Commissioner …
New York-based insurance brokerage and risk management firm Integro has hired Robert H. Easton as deputy general counsel and chief compliance officer. Easton most recently served as deputy superintendent and general counsel for the New York State Department of Insurance. …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Allied Health and Medical Pros Market Detail: CRES Insurance Services MedSurance A&M is an insurance …
Crude from the massive Gulf of Mexico oil spill could eventually slosh ashore on Miami Beach or North Carolina’s barrier islands, if it connects with a powerful sea current, an oceanographer said Tuesday. Robert Weisberg, a physical oceanographer at the …
North Carolina property and liability insurers are taking their case to the public to impede an effort in the Legislature to change how monetary awards are determined when somebody gets hit by a car while crossing the street or slips …
North Carolina’s insurance pool for coastal properties now has an extra financial cushion in case a major hurricane strikes. Risk specialist Guy Carpenter & Co., LLC, and GC Securities, announced the completion of a $305 million, two-class note issuance from …
