June 30--RALEIGH -- A bill that would require operators of aerial activities like zip lines to carry liability insurance has unanimously passed the N.C. General Assembly.
N.C. Sen. Michael Lee, R-New Hanover, a prime co-sponsor on Senate Bill 100, said the legislation came about after several high-profile accidents -- including the death of 12-year-old Sanders Burney of Wilmington in 2015 in a zip line accident. Under current law, aerial activities like zip lines are not regulated and are not required to carry liability insurance.
The bill, which has been sent to Gov. Roy Cooper, would require liability insurance of at least $1 million to operate an aerial activity and charge a fee.
"Now, all such operators will be required to carry liability insurance," Lee said Friday. "This is a great first step in the discussion of how this industry is regulated to insure safety."
Lee said the bill's requirement that companies operating aerial tours or adventures carry insurance could mean de facto regulation by private insurance carriers instead of the government. The idea, he said, is that insurance carriers will want to see significant safety steps taken before agreeing to cover a company for a potential $1 million loss.
The bill would not apply to operations on private property that are not open to the public and do not charge a fee to use.
How to Buy Auto Insurance for New Drivers Without Spending Too Much
Insurer To Pay $100K In University Homecoming Parade Crash
Advisor News
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
- Americans’ sense of overall prosperity still ticks upward
- Turning expanded eligibility into a better coverage plan for federal clients
- Election 2026: Which of Berkeley's 7 ballot measures will pass?
More Advisor NewsAnnuity News
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
- Jackson reports record annuity sales, increases share repurchase authorization
- Why the market doesn’t need more carriers
- Equitable, Corebridge steam toward merger with strong Q3 annuity sales
- Jackson Announces New Annuity Offering for AARP Members
More Annuity NewsHealth/Employee Benefits News
- Idaho insurance director details $13M school trust collapse
- Insurance program's collapse detailed at ISBA conference
- Boeing retirees ‘shocked’ by 400% jump in health insurance premiums
- MEDICAID PAYMENT TRANSPARENCY RULES: STATE REPORTING REQUIREMENTS AND LIMITATIONS
- Medicare open enrollment continues through Dec. 7
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
- National Life Group Approves $23 Million Dividends for 2027
- Milliman’s proposed $15.5 million settlement puts life insurance underwriting data in focus
- Brighthouse Financial Announces Third Quarter 2026 Results
- Prudential earnings dip as Japan sales suspension offsets U.S. growth
More Life Insurance News