North Carolina News

New Rhode Island Law Saves Residents Money When Storms Loom

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 …

Declarations

Diminishing Choices “At a time when insurance rates have stabilized and at a time of economic uncertainty for many people, this bill would have further diminished affordable choices for Floridians and would have eventually dumped more policies into the state-run …

2009 Outstanding CSR State Award Winners Named

The National Alliance for Insurance Education & Research has named the state award winners who will compete for the national Outstanding Customer Service Representative of the Year for 2009. Each year, a group of exceptional insurance professionals are chosen by …

North Carolina Looks for Coastal Insurance Fix

As Florida has been confronting its state’s underfunding for catastrophes, North Carolina is also grappling with how to fill the gap between potential liabilities and available monies for its market of last resort for coastal property insurance, the Beach Plan. …

TAPCO Underwiters Now Offering E&S Services to Mississippi Agents

TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its services to retail insurance agents in Mississippi. TAPCO is known for its unique service model that allows for coverage to be bound …

Continental Risk Insurance Offers Workers’ Comp Program

Continental Risk Insurance Services is now offering worker’s compensation coverage for hundreds of classes including contractors, manufacturers, and fitness clubs with a specialization in large accounts. Free help-line services are offered along with an in house claims and audit team. …

North Carolina House Committee Advances Beach Plan Reforms

The North Carolina House Insurance Committee has unanimously approved legislation that attempts to spread the pain should a major storm cause losses that exceed existing private and public insurance funds. The legislation (HB 1305) would cap the liability of private …

North Carolina Court Allows Student Abuse Suit Against County

A North Carolina court ruling means a former Wilmington student can seek damages for alleged sexual abuse even though the New Hanover County school system’s insurance doesn’t cover it. The state Supreme Court ruled earlier this month in favor of …

North Carolina Coastal Insurance Fix Would Alter Deductibles, Limits

North Carolina legislators started grappling last week with how to beef up the state-created but underfunded insurance program for coastal property, and immediately confronted the possibility that all of the state’s insured property owners could pay more after a catastrophic …

North Carolina Moves to Boost Motorboat Safety

Young motorboat drivers in North Carolina would be required to meet minimum boating safety education requirements in legislation approved by the House. The bill approved this week would obligate people under age 26 to complete an approved boating safety course …