Despite the industry’s reported request for steep increases in workers’ compensation rates, North Carolina businesses stand to save a potential $92 million due to a lower negotiated rate, Insurance Commissioner Jim Long announced. Long signed a settlement agreement this week …
Warren, N.J.-based insurer The Chubb Group of Insurance Cos. has appointed Allison Meta manager of its Indianapolis branch office. Meta, an assistant vice president of Chubb & Son, joined Chubb in 1994 as a senior underwriter for Chubb Custom Market …
Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced excess flood coverage to support insureds in the event of catastrophic loss caused by flood. Aimed at …
The American Association of Managing General Agents (AAMGA) will hold its mid-year meeting at the Phoenician Resort & Spa in Scottsdale, Ariz., on Nov. 13-15. At the heart of this year’s meeting will be several industry roundtable sessions. “A few …
Nuts & Bolts: Helix Insurance has a market available for healthcare environmental liability. Dollars: $1 million per claim/$5 million Agg. Deductibles of $0 physician groups/$5,000 institutions. Minimum premium of $2,000. Carrier: USF Insurance Co., “A”-Rated. Non-admitted market. States Available: Alabama, …
Nuts & Bolts: The Princeton Agency/United Underwriting Agency is offering a market for monoline workers’ compensation. Dollars: EL up to $1M/$1M/$1M. No minimum premium up to $50,000. Carrier: Rochdale Insurance Company, Technology Insurance Company, The Hartford, The Guard. Rated “A-” …
AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the total to 32 states nationwide. Since AIG …
The Independent Insurance Agents of North Carolina (IIANC) presented the American Red Cross, Triangle Area Chapter with a $25,000 donation this week for the Disaster Relief Fund to help victims of Hurricane Isabel and other disasters. “The Red Cross is …
eAutoclaims has secured an annual contract with Southern United Fire Insurance Company. eAutoclaims will provide its national network of body shops to process Southern United Fire Company’s automobile physical damage claims. The program will run on eAutoclaims’ online eJusterSuite(R) claims …
North Carolina Insurance Commissioner Jim Long announced the arrest of Anthony Wayne Allen of Fayetteville, a former insurance agent charged with embezzling $60,000 from a Cumberland County woman. Allen is currently held in the Cumberland County jail on $1 million …
