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 …
Donegal Group Inc. recently reported that it had completed the acquisition of all of the outstanding capital stock of Sheboygan Falls Insurance Co. The acquisition was approximately $12 million, which includes a surplus contribution of $8.5 million to support the …
Officials at Jackson State University in Mississippi have opened a Department of Homeland Security research facility. A ribbon-cutting ceremony was held recently for the Center of Excellence for the Study of Natural Disasters, Coastal Infrastructure and Emergency Management. The center …
MetLife Auto & Home reported that it that it has received approval to introduce a new enhanced homeowner insurance program into the state of North Carolina. Under the MetLife Auto & Home Residential Property Program (RPP), agents can tailor a …
Duke University has filed a lawsuit against its insurer, demanding that the company cover the costs of its settlement with three former lacrosse players who were falsely accused of rape. The North Carolina school filed a lawsuit against National Union …
North Carolina’s new insurance chief agrees with insurance industry critics that the state’s backup wind insurance pool, known as the Beach Plan, needs shoring up. “I have described our Beach Plan or coastal insurance crisis as a ticking time bomb,” …
Safeco Insurance and Indiana Insurance, both Liberty Mutual Agency Markets companies, recently announced key management appointments to lead their respective personal and commercial lines operations in their Midwest territory. Christopher T. Allen was named vice president, Safeco Insurance, and Midwest …
It’s a select community: only 11 state insurance commissioners are elected rather than appointed. Wayne Goodwin is now one of the 11. He won the Nov. 4 election to be North Carolina’s regulator, succeeding Jim Long, who first won the …
New Chief Plans a Blog, Statewide Agent Meetings and a Solution for Coastal Property Owners and Insurers On Nov. 4, Democrat Wayne Goodwin won election as North Carolina Insurance Commissioner with 52 percent of the vote, succeeding 24-year veteran Jim …
Taking Care “At the end of the day, we’re going to make sure everyone is taken care of.” —North Carolina Gov. Mike Easley upon touring Johnston and Wilson counties after a weekend tornado killed two people and damaged or destroyed …
