North Carolina News

Mountain West Agency Services Names Kasper General Manager

Phoenix-based Mountain West Agency Services Inc., a wholly owned subsidiary of SCF Premier Insurance Co., named Donald L. Kasper general manager and Jim McErlean as marketing specialist. Kasper has worked in the insurance industry since 1971, and has a proven …

Business Moves

Keystone Insurers Group, Rowland, Rudd, Peel & Holland Pennsylvania-based Keystone Insurers Group (KIG) has added three more Kentucky agencies as partners. Those agencies are: Rowland Insurance Agency Inc., with locations in Tompkinsville and Glasgow; Rudd Insurance Inc., which is located …

Business Moves

Northern Capital Florida’s Northern Capital Insurance Co. did not come up with the capital it needed to retain its Financial Stability Rating of “A, Exceptional” from Demotech, Inc. by the deadline, so the ratings firm withdrew the rating on Feb. …

South Carolina House Advances Cap on Liability Awards

A proposal to cap how much people can be awarded through civil lawsuits in South Carolina received key approval this week. The House approved the tort reform bill 104-9. It faces another, routine vote before heading to the Senate. The …

Insurer Refuses Payment, Alleging Fire at North Carolina Inn Was Set

The company that insured a historic inn in western North Carolina is refusing to pay for damages from a fire, saying someone associated with the owners is responsible for the blaze. The owner has accused former employees of the Richmond …

Ratings Recap: XL Lloyds, Integon, Minnesota Lawyers, HCC Insurance

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Dallas-based XL Lloyds Insurance Company, and has assigned an NR-5 to the FSR (Not Formally Followed) and an …

Arizona Bill Banning Texting While Driving Dies in Senate

The Arizona Senate in an 11-11 vote failed to pass a bill that would have banned texting on a cell phone while driving. If it had passed, SB 1334 would have imposed fines of $50 for from operating a motor …

Obama Officials Say Health Plan Has Republican Ideas

Republicans should find things to like in President Barack Obama’s healthcare reform plan because they were taken from Republican bills or have been advocated by Republicans, the president’s top healthcare reform officials said Thursday. In an opinion piece for The …

Keystone Insurers Adds Peel & Holland Agency in Kentucky

Peel & Holland Financial Group, based in Benton, Ky., has become the newest Kentucky partner within Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. Peel & Holland has offices in Benton, Mayfield, Paducah and Murray. This brings …

PURE Expands High Value Home Coverage into Rhode Island

PURE Risk Management LLC is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer property/casualty insurance coverage on high value homes in Rhode Island. PURE will also offer automobile, jewelry, art, personal liability and watercraft insurance …