North Carolina News

Tapco Opens Underwriting Service Center in Dallas

Tapco Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, transaction-based excess and surplus insurance lines, is opening an underwriting service center in Dallas, Texas. Tapco veteran Ellen McBride will manage the Dallas office. McBride has more than 25 …

Builders’ Lobby Sponsors Washington Workers’ Comp Initiative

A politically active construction-industry group wants voters to decide whether Washington’s workers’ compensation system should face private competition, a move opposed by organized labor and top Democratic lawmakers. The Building Industry Association of Washington has filed paperwork for an initiative …

People

Zenith National Insurance Corp. has hired Janet Frank as president and chief operating officer of the workers’ compensation writer’s principal operating subsidiary, Zenith Insurance Co. She will also be an executive vice president of Zenith National Insurance Corp. Frank most …

Business Moves

Keystone Group, C.M. Moore, Al Torstrick C.M. Moore Insurance of Bowling Green and Al Torstrick Insurance of Lexington will be the first franchises in Kentucky for Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. The two firms …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Home Builders & Artisans Contractor’s GL Market Detail: Northern Star Management offers access to a …

People

Steve Crawford has been named president and chief executive officer at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa. For the past two years, Crawford has served as the company’s chief operating officer. During Crawford’s 34-year career at Grinnell Mutual …

North Carolina Court Reviews Coastal Rate Hikes

A North Carolina appeals court is weighing whether to reverse a decision that resulted in homeowners insurance prices going up by almost 30 percent along the coast and down by a third in inland counties. A three-judge Court of Appeals …

It Figures

1,650 The number of policies on North Carolina’s barrier islands that State Farm officials told regulators it will drop as part of its effort to reduce its coastal exposure. Customers can expect to receive a notice that their policy expiring …

Michigan Workers’ Compensation Claim Costs Among Lowest, Most Stable

Workers’ compensation total costs per claim in Michigan are among the lowest of 15 states, and the growth of these costs in Michigan over time has been more stable than in most other study states, according to a new study. …

North Carolina Court Hears Challenge to Coastal Insurance Rate Hike

A North Carolina appeals court is weighing whether to freeze or even reverse homeowners’ insurance premiums that soared by up to almost 30 percent along the coast while sliding by a third in counties farthest from the shore. A three-judge …