Several weeks ago, MyNewMarkets.com posted a two-part series regarding coverage gaps and selling to those gaps. “Gaps That Sell” and “Three Homeowners’ Policy Gaps that Sell” detailed the different levels and classifications of coverage gaps, how to plan for those …
North Carolina Insurance Commissioner Wayne Goodwin says that $6.5 million will be returned to 661 former members of the Phoenix Fund Inc., a self-insured workers’ comp fund that was put into rehabilitation nearly three years ago. Phoenix was ordered into …
A new report has found that there is little or no evidence that North Carolina’s auto safety inspection program is effective and it’s difficult to gauge whether the auto emissions program does any good for the environment. The report by …
A bill to rescue North Carolina’s coastal insurance plan handily passed the state Senate on Wednesday by a 42-5 vote, the same day it won approval from a Senate committee. Because the Senate version differs from the House version over …
The North Carolina General Assembly has approved a bill to reform the state’s coastal insurance system that caps private insurers’ liability for any funding shortfall in the state-backed Beach Plan, reduces coverage for property owners who get coverage in the …
The North Carolina Senate Commerce Committee today passed legislation (HB 1305) to rescue the state’s underfunded coastal insurer, the Beach Plan. The bill, which already passed the House, will now bypass the finance committee and go directly to the full …
A paving company has agreed to pay $8 million to settle a lawsuit over an accident that destroyed the career of a promising South Carolina college football player and left him an invalid. But Brian Moore, 21, said his accident …
First-quarter bank holding company (BHC) insurance brokerage income of $3.03 billion was up 15.0 percent from $2.63 billion in fourth quarter 2008, which marked the lowest point of quarterly insurance income since 2005, according to the Michael White-Prudential Bank Insurance …
Tennessee Venture “This is a big opportunity. It’s important for the state to get this and to do this so that we remain competitive. Those funds I’m sure will be weighted fairly evenly throughout the state just for balance and …
North Carolina is ordering auto insurers to roll back their rates to 2006 levels and send up to $50 million in refunds to about 1 million policyholders. Insurance Commissioner Wayne Goodwin said the settlement does away with a rate increase …
