40,000 The number of tourists officials estimated on Alabama beaches on Labor Day weekend when Gov. Bob Riley issued a mandatory evacuation order for some coastal parts of Mobile and Baldwin counties in response to Hurricane Gustav. $8.4 Million The …
CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S) insurance broker that specializes in high-risk …
Taxpayers In At Least 20 States Could Face Multi-Billion Dollar Tax Burden Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 …
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 …
Responding to the federal government’s bail-out of AIG, California Insurance Commissioner Steve Poizner issued the following statement, noting the two dozen companies under the AIG corporate umbrella that are licensed to sell insurance in California. “I have made monitoring the …
Mecklenburg County, N.C. could spend more than $4 million to buy as many as 50 homes that suffered serious flood damage after Tropical Storm Fay and other storms. The Charlotte Observer reported Sept. 17 the voluntary program would be limited …
The North Carolina Legislature recently mandated a committee to study the North Carolina Insurance Underwriting Association’s (Beach Plan) ability to respond financially to a significant hurricane landfall. The first meeting of the Joint Select Study Committee on the Potential Impact …
The American Insurance Association is participating in this week’s conference “Out of the Storm: Confronting America’s Catastrophic Risk Crisis,” organized by the South Carolina Department of Insurance and the Competitive Enterprise Institute. The conference, ongoing through Sept. 19 in Hilton …
The U.S. government is betting former Allstate chief Edward M. Liddy is the safest pair of hands to oversee the dismantling of American International Group Inc. and prevent further unraveling of the world’s stressed financial system. Liddy, 62, was the …
The federal government opened disaster loan centers in two North Carolina cities that were flooded by remnants from Tropical Storm Fay last month. The U.S. Small Business Administration said centers opened Sept. 13 in Charlotte and Concord. The centers will …
