An insurance company linked to Allstate says it won’t write new homeowner and dwelling fire policies in North Carolina over concerns about a state-sanctioned program for coastal insurance. Encompass Insurance told independent agents who offer the product last week that …
The National Association of Insurance Commissioners (NAIC) has bestowed its first President’s Award for Distinguished NAIC Member Leadership to North Carolina Insurance Commissioner Jim Long. Long — who is retiring after 24 years as insurance commissioner — was presented with …
North Carolina’s largest health insurance company is providing free generic prescription drugs to about 1 million members. The News & Observer of Raleigh reported Monday that Blue Cross and Blue Shield plans to drop co-payments for generic drugs between Jan. …
Premiums charged by the National Flood Insurance Program (NFIP) are inadequate to cover the risk and the program should re-examine its methods for setting rates, according to the U.S. Government Accountability Office (GAO). The 2005 hurricanes left the NFIP with …
The National Association of Insurance Commissioners (NAIC) recently announced that two state departments — the Illinois Division of Insurance within the Department of Financial and Professional Regulation and the North Dakota Insurance Department — have chosen State Based Systems (SBS) …
North Carolina homeowners insurers are seeking an average 19.5 percent statewide rate hike which, if approved, would be the first rate hike since 2006. The proposal, being finalized this week by the North Carolina Rate Bureau for submission to the …
North Carolina-based private security contractor Blackwater Worldwide is meeting with shipping and insurance companies this week to describe what the company can do to protect vessels traveling through the volatile Gulf of Aden. Blackwater is holding meetings in London from …
Keystone Insurers Group (KIG), the fourth largest privately held property/casualty insurance agency in America and an Insurance Journal Top 100 Agency, announced the recipients of its fifth annual KIG Exemplary Awards. The award is presented to the outstanding Keystone agency …
Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to stabilize the state’s coastal property insurance market. Insurance executives told …
Black cafeteria workers at Philadelphia’s newest skyscraper claim in a $200 million lawsuit that they have endured racist remarks, job discrimination and retaliatory firings. Eleven plaintiffs filed the federal suit Monday against the Compass Group, a company that handles food …
