North Carolina News

As Floodwaters Recede in Southeast, Many Residences Remain Underwater

As floodwaters around Atlanta began to recede, residents were packing moving vans with furniture and commiserating about water-logged apartments. “I’m toast,” Penny Freeman, who moved into a first-floor apartment five days ago, said. “I don’t have a place to stay. …

Dibb Joins North Carolina’s Trisure Brokerage

Kirby Dibb has joined independent insurance brokerage TriSure in Raleigh, North Carolina, as client services manager for safety and risk management. In her new capacity, Dibb is responsible for the design, training and monitoring of client Web-based tools available through …

Losses in Georgia from Floods at $250 Million; Most Uninsured

Flooding across north Georgia over the past few days has caused an estimated $250 million in losses, as much as 80 percent of that likely uninsured, according to state Insurance Commissioner John W. Oxendine. Oxendine said that many of the …

Insurers Honor 2 North Carolina Lawmakers for Beach Plan Bill

Two North Carolina state legislators have been named “State Legislators of the Year” by the National Association of Mutual Insurance Companies (NAMIC) for their efforts to pass legislation reforming the state’s coastal property insurance fund known as the Beach Plan. …

10 Years Ago, Hurricane Floyd Brought Flooding, Evacuations to Carolinas

In the dark of night on Sept. 15, 1999, Kelly Andreucci stood on the front porch of his childhood home along Godfrey Avenue and worried about the rain drenching his neighborhood. That night, Hurricane Floyd skirted the Grand Strand before …

Continental Risk Offers New Small Business Product

Continental Risk based in Lodi, Calif., is now offering a new business owners policy for small businesses that includes additional coverages outside of the typical property/casualty package. The program’s features include: combined property and casualty ISO forms, immediate quoting via …

North Carolina Updates PEO Oversight

North Carolina Gov. Bev Perdue has signed into law new financial requirements for Professional Employer Organizations (PEOs) operating in the state. The Professional Employer Organization Act (SB 1029), which unanimously passed both the House and Senate at the end of …

Declarations

Budget Imbalance “The budget of the department is $10 million. The CEO of State Farm makes more than that.” —Mississippi Insurance Commissioner Mike Chaney discussing what it’s like to oppose giant State Farm and its bid for a 45% homeowners …

North Carolina Coastal Broker Ready to Ride Beach Plan Reform Wave

Hanover Excess Sees State Pool Changes A Boost For Business Still Recovering From Recession, Soft Market The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and surplus brokerage believe in the “pursuit of …

People

Insurance broker Marsh announced the appointment of Gary Grose as U.S. marketing director. Grose joins Marsh with 20 years of insurance industry marketing and sales experience. He reports to Jack Butcher, U.S. sales and marketing leader, and will be based …