Ohio-based Nationwide Insurance reported that it expects to receive more than 11,000 claims from the recent winter storms in North Carolina and South Carolina, and estimates insured policyholder losses eventually could be more than $27 million. The announcement indicated that …
Despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in 2000 as revealed in the latest edition of the Alliance of American Insurers’ report “Residual Markets Automobile Insurance …
BB&T Corporation of Winston-Salem, N.C. announced plans to buy insurance premium finance company Southeastern Fidelity Corporation (SEFCO) of Tallahassee, Fla., in a stock swap. Terms were not disclosed. BB&T will combine the 5-year-old firm with Prime Rate Premium Finance Corporation …
Provider Alliance, a Charleston, South Carolina-based leader in long-term care insurance, announced it has entered the Florida market with affordable liability insurance policies available to nursing home providers. The company asserted the program is the first of its kind in …
Baldwin Sadler Corporation (www.baldwinsadler.com) has unveiled a new truckers occupational accident program. The program coverage provides truck owner-operators, who are under lease to a motor carrier, the opportunity to purchase occupational accident and disability income insurance that may not be …
Communities that incorporate natural disasters in their land use planning experience fewer insured losses than those that do not, according to a new report presented at the Institute for Business & Home Safety’s (IBHS) Annual Congress in New Orleans. An …
Kevin Kowar as been named regional director and vice president of Main Street America Group’s Southern Region. Main Street America Group’s Southern Region includes Virginia, Maryland, Delaware, Tennessee, North Carolina and South Carolina. As director of the Southern Region, Kowar …
The Seibels Bruce Group Inc. of Columbia, S.C. announced financial results for the quarter that ended September 30, 2002, reporting a net profit for the quarter of $1.8 million, or $0.21 per share (basic and diluted). This is compared with …
The tornadoes that swept across the eastern United States this past weekend could cost insurers $290 million – making it one of the top five costliest tornado events, according to the Insurance Information Institute (I.I.I.). The preliminary estimate is based …
Last week’s Republican election victories – highlighted by key Senate races in New Hampshire, Missouri, Georgia, Minnesota, North Carolina and Texas, where trial lawyers spent almost $7 million to try to elect lawsuit-friendly lawmakers – show Americans are ready for …
