North Carolina News

Business Moves

Grain Dealers/Main Street Grain Dealers Mutual Insurance Co., an Indiana-domiciled regional property/casualty insurance company, will become an affiliate of Florida-based Main Street America if approved by the Indiana Department of Insurance. Financial terms were not disclosed. Grain Dealers Mutual operates …

Arkansas Among States Said to Be Lax on Motor Carrier Safety

A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice (AAJ), said it found commuters are sharing roads …

People

Texas-based Specialty Insurance Managers Inc. appointed several new vice presidents. Karen Ashton was named vice president of the Arlington, Texas, branch. Bonnie Stalkfleet is now vice president of the Granbury branch. Christi Menke was appointed vice president for IT. Faith …

Idaho Agent Knows Job Safety Training and Employee Communication Pay Off

Nielsen Teaches Employers How to ‘Close the Window’ On Rising Comp Costs The best way insurance agents can teach employers about workers’ compensation is to get to know their business. Idaho insurance agent Doug Nielsen vividly remembers the moment he …

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. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …

E&S Brokers Look for Rays of Light at the End of the Tunnel

Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines (E&S) insurance market over the last …

Potential Seen for Climate Insurance in Tourist Industry

Insurance is an under-used way for the tourism industry to manage the risks of climate change, with existing offers ranging from a “perfect weather guarantee” by Barbados to ski resorts promising deep snow, experts say. “Insurance products…have a huge potential …

North Carolina Workers’ Compensation Rates Could Drop 9.6%

North Carolina Insurance Commissioner Wayne Goodwin said he has received industry rate filings for workers compensation requesting a 9.6 percent decrease in the voluntary market and a 1.3 percent increase in the assigned risk markets. If approved, the loss cost …

Motor Carriers Hit Over Safety; Are Insurance Limits Too Low?

A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice (AAJ), said it found commuters are sharing roads …

Tropical Storm Danny Weakens; East Coast Likely Spared Hurricane

Tropical Storm Danny weakened in the Atlantic Ocean Thursday and was no longer expected to become a hurricane, but it edged closer to the U.S. coast on a path that could take it to Canada’s Atlantic provinces by Sunday. Storm …