North Carolina News

North Carolina May Increase Safety Oversight of Fireworks Firms

A panel of North Carolina lawmakers began trying to improve fireworks safety last week following a fatal July 4 Outer Banks explosion by approving a bill that would require state oversight for those who transport pyrotechnics and set them off. …

Premier Sponsors Professional Liability Insurance for Not-for-Profit Hospitals

Premier Insurance Management Services Inc. (PIMS) out of Charlotte, North Carolina, is offering a new professional medical liability insurance program to not-for-profit hospital members of the Premier healthcare alliance. PIMS, a wholly owned subsidiary of Premier, is parterning with Medical …

It Figures

$750,000 The proposed reduced limit on coastal insurance available from the North Carolina Beach Plan under legislation designed to address the over-exposure and under-funding of this state-backed plan. The limit is now $1 million. $85 Million The final — and …

People

Wholesaler Colemont Insurance Brokers reports that Bob Black has been promoted to vice president in the company’s Atlanta office. Black joined Colemont in 2004 as an associate broker responsible for marketing all lines of property and inland marine business. He …

People

LoriAnn Lowery resigned her position as president of Lloyd’s North America after a little more than a year on the job. Lowery took over as Lloyd’s North America president in April 2008, replacing long-time president Wendy Baker. Before joining Lloyd’s, …

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. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …

North Carolina Drunk Driver Reinstatement Bill Goes to Governor

The North Carolina Legislature has agreed that repeat drunken-drivers should get a chance one day to have their license restored. The House agreed 88-28 this week to create a procedure whereby someone convicted of habitual impaired driving can ask the …

North Carolina House Passes Beach Plan Insurance Reform Measure

The North Carolina House voted 89 to 27 yesterday to approve a measure designed to re-establish the state’s coastal insurance provider, the Beach Plan, as a market of last resort and cap the liability of private insurers for any shortfall …

North Carolina Rolls Back, Freezes Auto Insurance Rates

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 in a settlement announced today by Insurance Commissioner Wayne Goodwin. The settlement does …

Continental Marine Insurance Offers Workers’ Comp Program

Continental Marine Insurance Services of Lodi, Calif., is now offering a worker’s compensation program designed for marine risks with USL&H and maritime employer’s liability available. Marine contractors, marinas, boat dealers, ship repairers and many other marine-related classes are available. Coverage …