North Carolina News

Don’t Cheap Out on the Training

And Other Lessons from High-Performing Agencies Use your agency management system to the max. Measure your productivity. Communicate consistently and effectively with your staff, customers and carriers. And above all, don’t cheap out on the training. Do those tactics sound …

Contractor Additional Insured Endorsements May Reduce Coverage Available to the Named Insured

Editor’s Note: This is part two of a two-part series on contractor additional insured endorsements. Part one was published in the Jan. 12, 2009, issue of Insurance Journal magazine. Arising out of the named insured’s operations” does not legally equate …

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. Mono-line Property for Coastal Exposures Market Detail: CATalyst Property Insurance from Venture Programs gives agents …

North Carolina Urged to Reduce Beach Plan Coverage, Cap Insurers’ Liability

North Carolina’s state-sanctioned property insurance program at the coast should reduce its maximum property policy coverage to relieve its potential liability in a massive hurricane, a legislative study committee recommended this week. The panel also suggested capping how much insurance …

Bankers Insurance Moves into North Carolina, Acquiring HVWM Group

Bankers Insurance, LLC has acquired the Hutton Vincent Williamson McLean Insurance Group (HVWM) based in Asheville, N.C. HVWM is one of the oldest and largest independent agencies in western North Carolina. This purchase marks the twelfth acquisition by Bankers Insurance …

North Carolina Considers Capping Insurers’ Liability for Beach Plan Costs

A legislative committee looking at how to cover insurance claims after a big hurricane in North Carolina may recommend a cap on how much private insurers would be forced to pay. The study panel scheduled its final meeting yesterday in …

Kellogg Recalls 16 Products Due to Salmonella Risk

Kellogg Co. has recalled 16 products containing peanut butter due to possible salmonella contamination, adding new urgency to the nationwide outbreak as federal officials confirmed contamination at a Georgia facility that ships peanut products to 85 food companies. The Battle …

North Carolina Joins National Fire Emergency Declaration

North Carolina Insurance Commissioner Wayne Goodwin, who also serves as the state fire marshal, joined national officials in declaring a fire emergency across his state. The National Association of State Fire Marshals (NASFM) and the U.S. Fire Administration (USFA) have …

AIG Is Lead Insurer on Airplane Downed in Hudson River

American International Group Inc. said Friday it was the lead insurer on the US Airways passenger jet that went down in Manhattan’s Hudson River on Thursday. An AIG spokesman, John Jones, said he could not provide details on the value …

Nebraska Could Be Next State for Fire-Safe Cigarette Law

Nebraska has fallen out of the mainstream when it comes to smoking-related laws, but that could change. Thirty-seven states have passed laws requiring that all cigarettes sold in their states be fire-safe. Nebraska is not among them, but the state …