North Carolina News

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 …

It Figures

9.6% The proposed average voluntary market decrease in workers’ compensation rates in North Carolina. Insurance Commissioner Wayne Goodwin has also received a filing requesting a a 1.3 percent increase in the assigned risk market. If approved, these loss cost rate …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

Business Moves

Fairfax/Odyssey Re Fairfax Financial Holdings Ltd. will sell $1 billion in stock to fund the purchase of the shares of Odyssey Re Holdings Corp. that it does not already own. Fairfax reduced its stake in the reinsurer a few years …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

Midwest-based Agent ‘Walks the Walk’ to Control Work Comp Costs

Carl Zeutzius has walked his share of floors over the past four years. But they were miles well traveled. As a Certified Work Comp Advisor (CWCA) and director of Sales and Marketing for UNICO Group, an insurance, risk management and …

Kentucky Among States Considering Ban on Texting While Driving

Motorists would be forbidden to send text messages while behind the wheel under proposals awaiting legislative action in Kentucky early next year. Two lawmakers have filed bills that would add Kentucky to a growing list of states — 18 so …

North Carolina Governor Wants Anti-Fire Switch in State Building Code

North Carolina Gov. Beverly Perdue is pushing for the state building code to require that new homes include an electronic switch that helps prevent house fires. The News & Observer of Raleigh reported that Perdue urged the chairman of the …

North Carolina Updates Professional Employer Organization Requirements

North Carolina Gov. Bev Perdue has signed into law stronger 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 …