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Results for content tagged as North Carolina

1.

Jul 23, 2015 - ... law in North Carolina allows member insurers of the North Carolina Rate Bureau (NCRB) to incorporate endorsement options as "enhancements" to their homeowners and personal auto policies, provided the endorsements do not...

2.

Jun 23, 2015 - ... carrier providing professional liability insurance in North Carolina was required to file annual reports of all claims, plus periodic reports of medical malpractice claims if requested by the insurance commissioner. AAIS Advisory notices are posted periodically...

3.

Dec 1, 2014 - ... call AAIS provides data for auto, businessowners, excess, general liability, homeowners, and medical professional liability insurance. An annual mandatory submission of homeowners insurance data to the North Carolina Department of Insurance. For decades, AAIS has been a licensed statistical agent in 49 states and the District of Columbia.  Over most of that time, AAIS has...

4.

May 20, 2014 - [ACTION_PRINT_ARTICLE] In the wake of storms and tornadoes on April 25 , the North Carolina insurance department issued a bulletin reminding insurers of  their obligations to allow delays in the filing of proof of losses by affected policyholders and  to allow for deferred premium or debt payments by affected policyholders. Earlier, Gov. Pat McCrory, issued a disaster declaration stating, among other things,  that insurers must "assist indiv...

5.

Oct 31, 2012 - ... Levine de Luca & Hamilton, LLC  has published an online article describing the state actions. In the article, attorneys for the firm state that, according to a spokeswoman for the North Carolina Department of Insurance,   hurricane deductibles would be likely be applicable in that state because: (1) Sandy had hurricane-force winds when it struck North Carolina; and (2) policies...

6.

Jul 20, 2012 - ... format of the AAIS Advisory has changed, starting in June 2012. Notices are now posted individually as they arise, then combined in a periodic email message. A new law in North Carolina modifies the language of a notice property insurers are required to provide policyholders regarding perils not covered under a policy. Effective Dec. 1, 2012, insurers are required to...

7.

Nov 17, 2011 - ... endorsement for that state. This is a first-time filing of the program in a state where, for most companies, homeowners and other underlying personal lines are under the jurisdiction of the North Carolina Rate Bureau (NCRB). For insurers whose homeowners coverage is under NCRB jurisdiction, the AAIS Personal Umbrella forms can be used only with the 2005 NCRB homeowners forms. For insurers...

8.

Apr 20, 2011 - ... Umbrella, Farm Umbrella, and Personal Umbrella programs. The effective date of the law and the AAIS action is Nov. 1, 2011. North Carolina Issues Bulletins Regarding Recent Storm Losses A bulletin from the North Carolina insurance department reminds insurers that 18 counties in that state have been declared a federal disaster area in the wake of recent storms and flooding. In light of...

9.

Mar 1, 2008 - For years, natural disaster experts outside the insurance industry have wondered whether the pricing of property insurance could be used to give homeowners incentives to upgrade or retrofit their structures to mitigate damage from windstorms. The logic seems simple enough: If dwellings and related structures are reinforced and secured to withstand wind damage, that should translate into fewer losses and lower cost insurance. That logic runs into a stubborn fact, however: The cost of impleme...

10.

Dec 1, 2007 - Immediate, widespread access to information is at the heart of the Internet revolution, and now that revolution is extending to the obscure world of insurance filings. As of this publication, at least six states--Arkansas, California, Florida, North Carolina, South Carolina, and Wisconsin--provide access on open websites to documents and information submitted by insurance companies in rate and form filings. No fee or arranged access is required, but it helps to know what you're lookin...