North Carolina News

Penn National Hires New Commercial Lines Territory Manager for N.J.

Penn National Insurance recently hired Bryce Goodwin as its new commercial lines territory manager in northern New Jersey. “Bryce brings more than 25 years of industry expertise and multi-line knowledge to Penn National Insurance,” said Eric Lange, New Jersey operations …

Wachovia Insurance Services Hires McDowell as COO

Wachovia Insurance Services announced today that it has hired Stewart McDowell as chief operating officer, responsible for managing the Property & Casualty and Benefits agencies. McDowell joins Wachovia from a 15-year career at Willis Group Holdings, the world’s third-largest insurance …

20 States Have Enacted Tort Reforms This Year

This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were enacted by the conclusion of …

Fla. WC Costs 18% Above Median in WCRI Study

Workers’ compensation costs per claim in Florida for all paid claims were higher than most states analyzed in a national study and growing at a double-digit rate, according to a new study by the Workers Compensation Research Institute (WCRI). The …

WCRI Study Says Ga. Has Low WC Costs Per Claim but Higher Indemnity Costs

Workers’ compensation costs per claim in Georgia were low relative to costs in the other states analyzed in a national study by the Workers Compensation Research Institute (WCRI), although indemnity costs per claim were higher, driven by permanent partial disability …

NCOIL Scoring Model Reportedly Garners Support in States

The reported increasing popularity of the National Conference of Insurance Legislators (NCOIL) Insurance Scoring Model Act and the publication of two significant studies showing an irrefutable link between credit-based insurance scores and risk of loss have apparently helped to mitigate …

CIC, CISR Scholarships Awarded at NAIW Convention

Austin, Texas-based the Societies of Certified Insurance Counselors and Certified Insurance Service Representatives announced the presentation of 23 scholarships at the 62nd Annual Convention of the National Association of Insurance Women held in Nashville, Tenn. Each scholarship grants full tuition …

Royal & SunAlliance Enhances ARMS Risk Reporting Tool

Royal & SunAlliance USA, based in Charlotte, N.C., announced improvements to its Advanced Risk Management System, known as ARMS, which now features a series of enhancements that will enable clients to make business decisions more efficiently and effectively. Changes to …

James River Group Forms; Buys Fidelity Excess & Surplus

The James River Group Inc. announced it has formed as an insurance holding company headquartered in Chapel Hill, N.C. Additionally, the company reported that it bought Fidelity Excess and Surplus Insurance Company from American Financial Group in a transaction effective …

Study: Ill. W/C Costs Higher Than Most

Workers’ compensation costs per claim in Illinois were among the highest of the states analyzed in a new study and continuing to rise, according to the Workers Compensation Research Institute (WCRI). The study of 12 states, representing 50 percent of …