North Carolina-based Wachovia Corporation has reached a definitive agreement to acquire certain assets of E-Risk Services, LLC. Based in New Jersey, E-Risk Services is a Managing General Agency (MGA) providing management liability insurance products for privately held organizations. Insurance coverage …
Wachovia Corporation of Charlotte, N.C. announced the completion of its acquisition of Cameron M. Harris & Company, a broker specializing in risk management and employee benefits. Cameron M. Harris has $27 million in revenues, and operates in Charlotte, Raleigh and …
Nuts & Bolts: Big “I” Markets, an online market-access program created by the Independent Insurance Agents & Brokers of America (IIABA), is now offering short and long-term event liability insurance that association members in 36 states and the District of …
State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/ Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating …
AcroSoft Corporation of Columbia, S.C. announced two property and casualty companie, Rutgers Casualty Insurance Company and Alliance Mutual Insurance Company, implemented AcroSoft’s document management software solution in August 2002. The underwriting department of Rutgers Casualty Insurance Company, Cherry Hill, N.J., …
The Seibels Bruce Group Inc., based in Columbia, S.C., announced that its subsidiary Universal Insurance Company (UIC) has received a 2002 Financial Stability Rating of “A” (Exceptional) from Columbus, Ohio-based Demotech Inc. The company noted that this level of Financial …
The Seibels Bruce Group Inc., announced that the North Carolina Department of Insurance (NCDOI) is placing restrictions on Seibels Bruce subsidiary South Carolina Insurance Company (SCIC). The NCDOI notified the company of the restrictions in response to the recent South …
The Seibels Bruce Group, Inc., has received an Order Imposing Administrative Supervision and Appointing Supervisor from the South Carolina Department of Insurance (SCDOI). The Order places three Seibels Bruce subsidiaries, South Carolina Insurance Company (SCIC), Catawba Insurance Company (CIC) and …
The National Association of Professional Surplus Lines Offices (NAPSLO) announced that eight college student are participating in its 2002 Summer Internship Program. The interns spend five weeks during the summer working with a NAPLSO member surplus lines insurance company and …
State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/Bliley Act. The National Association of Insurance Commissioners (NAIC) approved the states’ certification during a recent interim conference call, beating the …
