Yearly Archives: <span>2014</span>

North Carolina Coastal Homeowners Weigh Self-Insuring for Floods Due to Premium Hikes

Bill Cherry has seen his share of storms buffet his house and his Breezeway Restaurant and Motel near Topsail Beach in North Carolina, a slip of a barrier island just over two blocks wide. But with sharp increases in premiums …

South Carolina Coast Worries About Rising Flood Insurance Premiuns’ Effects on Historic Preservation

Charleston’s storied historic district of about 4,800 structures lies on a peninsula almost entirely in a flood plain. And there’s concern that raising premiums to help get the federal flood insurance program back in the black will make historic preservation …

Mississippi Sets Hurricane Deductible Rule

Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant signed last month. House Bill 756 requires Insurance Commissioner Mike Chaney to rule that higher deductibles apply beginning when a …

Florida Sees Drop in Auto No-Fault Questionable Claims

A national study found that Florida has seen its first decrease in questionable automobile claims since state lawmakers rewrote the no-fault law in 2012. The National Crime Insurance Bureau conducted the report that looked at claims from 2010 to 2013. …

People – Southeast

Van Wert, Ohio-based Central Insurance Companies announced several promotions. Keith Moore is now senior vice president of the southeast region. He will continue to oversee the day-to-day operations of the southeast regional office in Alpharetta, Ga., including claims, commercial lines …

North Carolina Driver’s Ed: Does It Work?

The North Carolina legislature’s government watchdog agency says the state still does not have a good handle on how effective local driver’s education programs for high school students are financially or how well they produce safe drivers. The Program Evaluation …

Bank of America Settles Forced-Place Insurance Claims for $228M

Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed. The amount was disclosed in a document requesting approval for the accord filed …

Insurance Can’t Protect Libertarian’s Dream of Unlimited Liability: McArdle

If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be allowed to dump toxic waste into …

Scientists Warn: Prepare Now for Next Nuclear Plant Accident

Three major atomic accidents in 35 years are forcing the world’s nuclear industry to stop imagining it can prevent more catastrophes and to focus instead on how to contain them. Of the 176 new reactors planned across the globe, half …

Stolen Marquis de Sade’s Sex Manuscript, Insured by Lloyd’s, Returns to Paris

The Marquis de Sade’s scandalous and sexually graphic novel “120 Days of Sodom” has come back home. Written in prison in 1785 — just before the French Revolution — and described by the Marquis himself as “the most impure tale …