Nearing the end of a years-long highly specialized residential construction project, one Hurricane Katrina survivor has become a regular stop for insurance industry representatives touring along the Mississippi Gulf Coast. In some ways, Scott Sundberg of Pass Christian, Miss., is …
The North Carolina Legislature mandated a committee to study the North Carolina Insurance Underwriting Association’s (Beach Plan) ability to respond financially to a significant hurricane landfall. State Rep. Bruce Goforth, D-Asheville, co-chair of the House Insurance Committee, said the committee …
Farmers Insurance Group notified its North Carolina agents that the insurer will pull out of the homeowners’ market across the state before year’s end. Independent agent Greg Reeder of Reeder Insurance Services in Mint Hill, N.C., said he recently signed …
Kentucky lawmakers adopted insurance legislation during the 2008 regular legislative session that will affect agents and carriers working in the state. The Insurance Producer Modernization bill (HB 334) allows an agent to receive compensation from an insurer or client for …
State Farm Florida Insurance Co., a Florida-only property insurance company, filed an average 47.1 percent homeowners insurance rate increase with the Florida Office of Insurance Regulation on July 16. Ed Domansky, spokesperson for the OIR said the state’s first step …
When Builders Insurance Group — a mutual captive insurer for Georgia homebuilders — shifted its exclusive affiliation with Home Builders Association of Georgia, the association implemented a takeover of the insurer. Under Georgia law, mutual captive insurance companies like Builders …
Kentucky golfers and anyone who owns a golf cart within five-miles of a golf course entrance have the go-ahead to putter around on public roadways, per recently signed legislation. In a measure that may also be of interest to those …
A North Carolina bill passed through the Senate Commerce Committee on June 24 that would require insurers to notify consumers of their choice to buy more than the required minimum uninsured motorist and underinsured motorist coverage. The minimum amounts required …
The State Farm Fire and Casualty Co. filed intentions with the Mississippi Insurance Department to non-renew all Mississippi homeowners policies for customers living within 1,000 feet of the Gulf of Mexico. State Farm spokesman Fraser Engerman said the action involves …
The Florida Cabinet voted to extend a 1 percent insurance policy surcharge 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 2005 …
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