North Carolina News

Fake Stucco, Real Trouble: EIFS Related Claims Constrict CGL Markets

Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several years, now: damages stemming …

Royal and SunAlliance USA Names New CEO

Royal & SunAlliance USA, the Charlotte, N.C.-based member of the Royal & Sun Alliance Insurance Group plc, announced that Steve Mulready will replace Terry Broderick, who is retiring, as president and CEO. Mulready will assume his new duties June 30. …

Ariz. HB 2192 to Protect Consumers who Depend on Structured Settlements

The Arizona Legislature passed a bill May 16 aimed at protecting consumers who depend on structured settlements, and could become the fourth state this year to enact such a law, according to the Alliance of American Insurers. Mississippi and Utah …

CSRSelect

CSRSelect LLC of Charlotte, N.C. has launched CSRSelect, an online test to evaluate prospective insurance customer service representatives. The program evaluates applicants in skills that producers, CSRs and training specialists identified as essential for the level of customer service expected …

Mechanized Timber Harvesting

Nuts & Bolts: O’Donovan & Associates Inc. is offering a program for mechanized timber harvesting—Auto, GL, Prop, Umb. Endorsements—Loggers. Available on an appointment-only basis. Dollars: Policy limits of $1,000,000, deductibles vary. Carrier: Royal & SunAlliance. Rated States Available: Ala., Ark., …

Workers’ Comp

Nuts & Bolts: Florida-based AdvanTech Solutions(SM), a professional employer organization (PEO) specializing in technologically advanced human resource services, has obtained a new workers’ compensation program. AdvanTech SolutionsSM currently distributes its services through a network of 31 independent insurance agency partners …

ICAC Distributes Tool to help Firefighters

A new tool to help save firefighters lives by reducing arson in vacant buildings was distributed by the Insurance Committee for Arson Control at a dinner to honor fire service personnel recently in Washington, D.C. attended by President Bush. The …

IMMA Invites P/C Insurance Mass-Marketers to Jacksonville for Annual Conference

The International Mass Marketing Association (IMMA) still is accepting registrations from agents, brokers and carrier representatives for its 2002 Annual Conference, to be held May 19-22 in Jacksonville, Fla. at the Hilton Riverfront Hotel. An excellent agenda has been finalized …

NAII Says Insurers, Builders and Manufacturers Need Cooperation to Halt Construction Defect Problems

Builders, subcontractors, manufacturers and insurers need to work together to minimize the threat of construction defect exposures by promoting high-quality products and proven risk management techniques according to the National Association of Independent Insurers (NAII). “Because construction defect exposures threaten …

D&O for Biotech

Nuts & Bolts: Monitor Liability Managers Inc., a member of W.R. Berkley Corporation, has partnered with the Biotechnology Industry Organization (BIO) to provide D&O to the biotech industry. The BIO-Monitor D&O program is available through all Monitor appointed brokers. In …