North Carolina News

InsuranceNoodle Joins with Woolard Gioia Blundell Associates to Develop Products

InsuranceNoodle, an online distributor of small business insurance through independent agencies, has engaged Woolard Gioia Blundell Associates as a strategic partner to assist in developing specifications for a range of new products to complement its current line-up of commercial insurance …

Study Says Eight Insurers Command 65 Percent Market Share in Hurricane-Prone States

A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a provider of independent insurance company ratings and analyses, said …

Fireman’s Fund Liberalizes Scheduled Valuable Possessions as Convenience to Vacationing Shoppers

Fireman’s Fund Insurance Company announced it has liberalized its Scheduled Valuable Possessions coverage to afford affluent clients greater convenience and extra protection without extra cost when insuring valuables, such as jewelry, fine art, collectibles, silver and the like. According to …

Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States

A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a provider of independent insurance company ratings and analyses, said …

Royal & SunAlliance Catastrophe Center Strengthens Disaster Response Capabilities

With the official arrival of the 2001 hurricane season, Royal & SunAlliance is confident of its ability to respond to major disasters because of the successful track record of its Catastrophe Center, one of only a handful in the insurance …

Tightening Market Conditions Set Tone at AAMGA 75th Anniversary

At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are some major differences …

Tightening Market Conditions Set Tone at AAMGA 75th Anniversary

At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are some major differences …

The Middleton Group Releases its Biannual Compensation Survey: How Does Your Agency Compare’

Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. Some 2.3 million …

NAMIC Survey Shows Most States Will Not Meet GLBA Deadline

Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …

Acceptance Cos. Under Review

A.M. Best placed the “B++” FSRs of Acceptance Casualty Insurance Company and Acceptance Indemnity Insurance Company under review with negative implications. The rating move comes after an announcement by Acceptance Insurance Companies Inc. (Acceptance) that they have entered a definitive …