North Carolina News

Bank Insurance Brokerage 1Q Earnings Hit Second-Highest Level Ever

Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3 million in the first quarter of 2007 …

Insured Property Value in Coastal States to Double in 10 Years

In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7 percent, according to a new report released by AIR Worldwide …

Declarations

Picking Up Non-Renewals “I feel confident that the people on the Gulf Coast that have been canceled by State Farm will be able to buy insurance from Allstate and Nationwide and others that I have not announced.” —Mississippi Insurance Commissioner …

It Figures

1% The amount of insurance policy surcharge the Florida Cabinet voted to extend to cover hurricane claims that began in 2007 for two additional years through 2014. The assessment covers outstanding claims that originated during the state’s devastating 2004 and …

People The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated with running the Professional Insurance Agents Political Action Committee, …

People McQueary Henry Bowles Troy LLP (MHBT) added Jim Anderson as senior vice president in the Dallas-based firm’s property/casualty group. Anderson will oversee the production and account management of property/casualty business accounts. With nearly 30 years of risk management experience, …

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. International Energy Package Market Detail: MarketScout provides a market for clients needing coverage for foreign …

U.S. Government Ignores Own Advice on ID Theft Prevention

When it comes to the risks of identity theft, the U.S. government isn’t taking its own advice. The nation’s Medicare agency and the Pentagon compel at least 52 million Americans to carry their Social Security numbers in their wallets, contrary …

North Carolina Agents Honor Montgomery Insurance Company

Montgomery Insurance, a Liberty Mutual Agency Markets regional company received the Independent Insurance Agents of North Carolina young agents company of the year award. Presented during the recent young agents conference in Myrtle Beach, South Carolina, the award recognizes the …

North Carolina Auto Insurance Rate Hearings Scheduled

The North Carolina Department of Insurance and state insurance industry officials will come together beginning June 30 to debate auto insurance rate hikes. The auto insurance industry, represented by the North Carolina Rate Bureau, asked for a 13 percent average …