The Soft Market and Financial Crisis Could Lead Firms into ‘Uncharted Waters’ For surplus lines insurance providers the economic turmoil and soft insurance market means a double-hit on profitability. Some industry experts predict the unstable conditions brought on by the …
Extreme drought conditions, the second-worst possible, have now spread into Kentucky, and severe conditions have returned to West Virginia and southwest Virginia, according to the U.S. Drought Monitor. “The last three months have sucked every bit of moisture we’ve had,” …
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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …
North Carolina’s Emergency Management program has been granted full accreditation by the Emergency Management Accreditation Program. Crime Control and Public Safety Secretary Bryan Beatty made the annoucement on Oct. 14. The review is a voluntary process that evaluates planning, training, …
ProAssurance Corp., headquartered in Birmingham, Ala., is expanding its legal professional liability business by purchasing the Georgia Lawyers Insurance Co. ProAssurance is also establishing new relationships with agencies that produce legal professional liability business in 11 additional jurisdictions in the …
The nation’s bank holding companies increased their total insurance revenue 9.5 percent to $23.7 billion in the first half of 2008 from $21.7 billion during the same period in 2007. CitiGroup (N.Y.), Wells Fargo & Co. (Calif.), and BB&T Corp. …
North Carolina Department of Insurance investigators arrested five Halifax County residents for their roles in what investigators are calling an auto insurance fraud ring that netted the accused more than $25,550 in insurance payments from staged accidents. Insurance Commissioner Jim …
Wells Fargo & Co., which has agreed to buy Wachovia Corp., asked a federal court to void Citigroup Inc.’s earlier agreement to buy parts of the big North Carolina lender. In a complaint filed Tuesday with the U.S. district court …
A fire in the Great Dismal Swamp National Wildlife Refuge is finally out after burning for 121 days and costing more than $11 million to extinguish. Refuge manager Chris Lowie said no smoke or fire was seen by refuge officials …
The partners of Raleigh, N.C.-based TriSure, an independently owned insurance brokerage and consulting firm, appointed Kurt Sokolowski to its leadership team. A client executive at TriSure since 2004, Sokolowski has managed commercial property and casualty accounts (including general liability and …
