North Carolina News

Insurers Weigh-in on North Carolina Committee’s Beach Plan Analysis

A North Carolina joint legislative study committee began hearings on Sept. 30 regarding the financial health of the state’s Insurance Underwriting Association, a.k.a. the Beach Plan. The Joint Select Study Committee on the Potential Impact of Major Hurricanes on the …

North Carolina Insurance Department Hosts International Burn Conference

The North Carolina Department of Insurance Office of State Fire Marshal and the UNC Healthcare Jaycee Burn Center are the co-hosts of the 2008 World Burn Congress in Raleigh. Each year more than 500,000 people are treated for burn injuries, …

Zurich Makes Group Risk Management Appointments in Europe, U.S.

Zurich Financial Services has announced the following appointments within its Risk Management Group. Adrian Zweig (50, Swiss citizen), currently Head of Strategic Asset Allocation and Asset and Liability Management (ALM), has been appointed to the newly created position of Head …

Southeast Coastal Storm to Bring Brisk Winds, Waves

Powerful winds promised to scour the Southeast coast with strong winds and heavy seas, though residents were taking the promise of 50-mile-an-hour gusts in stride. The National Weather Service issued high wind warnings for the coasts of North Carolina, Virginia …

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. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …

North Carolina Insurance Investigator’s Autopsy Inconclusive

An autopsy says the body of a North Carolina insurance investigator that was found in South Carolina in May was so badly decomposed that medical examiners can’t determine how she died. The autopsy report released Sept. 19 said the body …

Surety One Rolls Out Embezzlement Protection for Cafe Owners

Raleigh, North Carolina-based Surety One, a member of The Poindexter Group of Companies, announced the national roll-out of its specialty fidelity bond product for coffee/teahouse and cafe owners. Available in $5,000 to $50,000 coverages, Surety One’s specialty coffee business fidelity …

Business Moves

CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance unit of BB&T Corp., completed its purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus insurance broker for personal and commercial properties along …

Time for Barry and Shenise

Astute observers of recent political history may recall the story of Harry and Louise β€” the fictional couple created by a health insurance industry lobbying group in 1994. In political television ads at the time, the couple railed against then-President …

Declarations

Alabama Beach Progress “Unlike a hurricane which can strike swiftly and forcibly, it often takes time and deliberation to implement changes in policy but members of the Beach Pool are proud to report the significant progress we’ve made over the …