Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the Commission represent close to 60 percent …
A North Carolina House committee seeking a fix for an underfunded coastal insurance program has backed cutting the current coverage maximum of $1.5 million per home by half. The House Finance Committee rejected a bid to retain the current limit …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Arch Capital Group Ltd.(ACGL) and its operating subsidiaries to positive from stable. S&P also affirmed our ‘BBB+’ counterparty credit and senior debt ratings on …
A plan to increase maximum monetary penalties for businesses that break North Carolina’s child labor and some workplace safety laws is one vote away from final passage. The Senate voted unanimously this week to double many fines for youth employment …
Repeat drunken-drivers in North Carolina who get their license revoked could get their permit back after a clean criminal and traffic record for 10 years in legislation approved by the Senate. The measure approved this week would allow a person …
A Senate committee has backed limits to a North Carolina law that allows scorned spouses to sue and collect damages for stolen affection and adultery. A Senate judiciary committee this week recommended a bill barring lawsuits for amorous acts after …
The South Carolina company that employed four workers who died following an explosion as they unloaded fireworks over the weekend on North Carolina’s Outer Banks has had previous problems with worker safety. The single blast at Ocracoke, N.C., came as …
Gregory Smith has joined William Gammon Insurance Agency Inc. in Austin, Texas, as commercial lines manager. An Austin native, Smith comes to Gammon Insurance from Aon Risk Services in Charlotte, N.C., where he was account executive for complex, global risk …
Five people working on Independence Day fireworks shows were killed by explosions, four of them by a single blast that rocked Ocracoke, a remote village on North Carolina’s Outer Banks. The fifth died after an explosion at a fireworks show …
A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last month by Gov. Don Carcieri prevents insurance …
