North Carolina News

ISO FIRE DATABASE APPROVED

With Maine on board, insurance regulators in 44 states and Washington, D.C., have approved Insurance Services Office Inc.’s (ISO) LOCATION™ database of Public Protection Classifications (PPC™), the ISO program that grades the fire-suppression capabilities of more than 45,000 municipalities in …

American Horizon Rated to ‘R’

S&P revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding of insolvency against the company on July 11, 2002. Before …

Wachovia to Purchase Cameron M. Harris & Co.

Wachovia Corporation announced it is acquiring Cameron M. Harris & Company (CMH), a Charlotte, N.C.-based insurance broker that specializes in commercial and personal risk management and employee benefits. Wachovia noted that with $27 million in revenues, Cameron M. Harris & …

Special Events

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 …

Zurich North America Develops Alliance with Americana Program Underwriters

Zurich North America has formed a strategic alliance with Americana Program Underwriters to introduce the PhysiciansProUSA program, offering property and casualty and selected professional liability coverages. PhysiciansProUSA is a program designed to meet the coverage needs of doctors and other …

Horace Mann Restructuring P/C Claims Operations

Horace Mann Educators Corporation is restructuring its property and casualty claims operations. The company expects to realize operating and cost efficiencies and also improve customer service by consolidating claims office locations throughout the United States, implementing a new claims administration …

Regulators Approve ISO Fire-Protection-Class Database of U.S. Property Addresses for Insurers’ Use a

With Maine on board, insurance regulators in 44 states and Washington, D.C., have approved Insurance Services Office Inc.’s (ISO) LOCATION™ database of Public Protection Classifications (PPC™), the ISO program that grades the fire- suppression capabilities of more than 45,000 municipalities …

Using the Excess and Surplus Lines Market

In California, the retail insurance agent faces many challenges. One of those challenges is the state-imposed requirement that if they have an admitted insurance company to write their clients’ business, they must place that business with the admitted company. The …

New Market: Condo/Homeowner Assoc., Property Management Firms, Managers

Safe Harbor Surplus has available programs for condo/homeowner associations, property management firms and property managers. Condo coverages are for D&O, EPLI, fidelity, umbrella and workers’ compensation. Coverages for property management are BOP, D&O, EPLI and fidelity. Coverages for property managers …

SET & TRACK™

Agency Ideas® of Cary, N.C., announced the release of SET & TRACK™, a product management software tool for property and casualty agency principals and managers. SET & TRACK features goal calculations, agreements, tracking grids, printed reports, and full-color graphs which …