Regional news: North Carolina
Savoy Associates, Bancorp Bank team up on HSA program
Savoy Associates, a full-service regional health insurance general agency, recently launched an Health Savings Account (HSA) banking initiative with The Bancorp Bank.
A North Carolina insurance agent and his client were each charged with insurance fraud for an alleged life insurance scheme.
California company acquires East Coast MGA and Peachtree Casualty
A San Diego, Calif.-based holding company has bought a managing general insurance agency and a private auto insurance company as it seeks to expand its national footprint.
Sagicor Life Insurance Co. has an agreement to buy the policies and clients of PEMCO Life Insurance Co. from its parent company in Washington State as the latter firm exists the life insurance market.
Chartis, All Risks partnering on temporary staffing sector program
Chartis and All Risks Ltd., a Hunt Valley, Md.-based independent wholesale brokerage, are expanding their relationship to include a program for temporary staffing agencies.
Two North Carolina men were arrested Feb. 9 for allegedly conspiring to file a fraudulent insurance claim on a damaged property and blaming it on Hurricane Irene.
Allstate alerts insurance agents of 1099 errors
Allstate Corp., based in Northbrook, Ill., informed its insurance agents about errors in their tax documents regarding two incentive programs.
Senators urge leadership to vote on long-term NFIP extension
A letter, signed by a coalition of Republican and Democratic senators, asks Senate leadership to bring a long-term reauthorization of the National Flood Insurance Program to the floor for a vote as soon as possible.
Pa. insurance department liquidates First Sealord Surety Insurance
The Commonwealth Court approved the Pennsylvania Insurance Department’s petition to liquidate a Villanova, Pa.-based bond and surety company that experienced a “steep” drop in surplus.
Brief: If individual mandate is illegal, health reform law must die
A Washington, D.C.-based advocacy organization says that the federal health reform should be declared unconstitutional because it is cannot function without the individual mandate, which the group also argues is unconstitutional.
Federal health exchange officials too busy to worry about Supreme Court
Federal health reform would add 100,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Combination life insurance product sales rise at ‘remarkable rate’
Pa. men charged in multi-state, ‘elaborate financial fraud scheme’
Small business worries about its role in retirement planning
Senate passes ‘Band-Aid’ bill to extend NFIP 60 days; House must act
Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va.
Wharton School establishes new risk and insurance program
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