Latest North Carolina Headlines
All the headlines from our North Carolina Topic Page, ordered by recency.
BB&T Insurance Acquires Florida’s Oswald Trippe Agency
Nov 3 2009 // Raleigh, North Carolina-based BB&T Insurance Services, the nation’s seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co. Inc. of...
North Carolina Workers’ Compensation Rates Cut 9.6%
Nov 2 2009 // North Carolina workers’ compensation rates paid by employers are going down. The state has agreed to a 9.6 percent decrease to the voluntary market loss costs and no change (zero percent) for the assigned risk...
Jury Awards North Carolina Soldier $750K in Training Shooting
Oct 29 2009 // A former Army sergeant wounded during a military training exercise was awarded at least $750,000 in his lawsuit against the Moore County, North Carolina Sheriff’s Office and the former deputy who shot him. The...
Carroll, Jarratt and Lee Added to PCI’s Board of Governors
Oct 29 2009 // Steven D. Carroll, Robert Jarratt and Michael H. Lee have been elected as the newest members of the Property Casualty Insurers Association of America’s (PCI) Board of Governors. Carroll, serves as executive vice...
All in the Family: North Carolina Brother, Sister Charged with Fraud
Oct 28 2009 // A brother and sister have been arrested by North Carolina officials on charges of insurance fraud. State Insurance Commissioner Wayne Goodwin reported the arrest of Wanda Nichols Covington, 36, and her brother; Thomas...
North Carolina Arrests 3 More in Alleged Staged Auto Accident Ring
Oct 19 2009 // Three more people have been arrested in connection with an alleged staged accident ring in North Carolina, bringing the total to seven in what has been a two-year investigation in Rowland. Insurance Commissioner Wayne...
Cat Bond Market Set for Active Fourth Quarter, Reports Guy Carpenter
Oct 13 2009 // The catastrophe bond market is poised for an active fourth quarter in 2009, according to a new report. The report by Guy Carpenter & Co., LLC, and GC Securities, a division of MMC Securities Corp. concludes that a...
North Carolina Firms Seek to Limit Liability in Parasailing Deaths
Oct 12 2009 // Two North Carolina companies have filed a complaint in federal court aimed at removing them from liability in the deaths of two women killed in a parasailing crash. The Sun News of Myrtle Beach, S.C. reported that the...
North Carolina Man Charged with Lying About Lightning Damage
Sep 29 2009 // According to the arrest warrants, a Holly Springs, North Carolina man lied to his insurance companies and claimed a total of $33,971.91 in fraudulent lightning damage. Insurance Commissioner Wayne Goodwin reported the...
Insurers Honor 2 North Carolina Lawmakers for Beach Plan Bill
Sep 23 2009 // Two North Carolina state legislators have been named “State Legislators of the Year” by the National Association of Mutual Insurance Companies (NAMIC) for their efforts to pass legislation reforming the...
Dibb Joins North Carolina’s Trisure Brokerage
Sep 23 2009 // Kirby Dibb has joined independent insurance brokerage TriSure in Raleigh, North Carolina, as client services manager for safety and risk management. In her new capacity, Dibb is responsible for the design, training and...
North Carolina Updates PEO Oversight
Sep 21 2009 // North Carolina Gov. Bev Perdue has signed into law new financial requirements for Professional Employer Organizations (PEOs) operating in the state. The Professional Employer Organization Act (SB 1029), which unanimously...
North Carolina Coastal Broker Ready to Ride Beach Plan Reform Wave
Sep 21 2009 // Hanover Excess Sees State Pool Changes A Boost For Business Still Recovering From Recession, Soft Market The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and...
North Carolina Governor Wants Anti-Fire Switch in State Building Code
Sep 15 2009 // North Carolina Gov. Beverly Perdue is pushing for the state building code to require that new homes include an electronic switch that helps prevent house fires. The News & Observer of Raleigh reported that Perdue...
North Carolina Updates Professional Employer Organization Requirements
Sep 15 2009 // North Carolina Gov. Bev Perdue has signed into law stronger financial requirements for Professional Employer Organizations (PEOs) operating in the state. The Professional Employer Organization Act (SB 1029), which...
North Carolina Young Insurance Agents Bestow Annual Awards
Sep 10 2009 // The Young Agents Committee of the Independent Insurance Agents of North Carolina (IIANC) recently named its Agent of the Year, Broker of the Year and Company of the Year for 2009. Eric Stevens, of Moore and Johnson Agency...
North Carolina Diamond Broker Robbed of $1.5 Million Had No Insurance
Sep 8 2009 // The bad news for Peter Kaplan is even worse than first reported. The North Carolina diamond broker, whose $1.5 million inventory was stolen in New Mexico last week, didn’t have insurance. “My business is...
North Carolina Beach Plan Insurance Reforms Become Law
Sep 7 2009 // North Carolina Governor Bev Perdue has signed into law legislation to shore-up the state’s backup coastal insurer and reduce the liability of private insurers should a major catastrophe strike the state. House Bill...
North Carolina Recovers Self-Insurer’s Comp Funds
Sep 7 2009 // North Carolina Insurance Commissioner Wayne Goodwin said that $6.5 million will be returned to 661 employers who formerly were members of the Phoenix Fund Inc., a self-insured workers’ compensation fund that was put...
North Carolina Workers’ Compensation Rates Could Drop 9.6%
Sep 2 2009 // North Carolina Insurance Commissioner Wayne Goodwin said he has received industry rate filings for workers compensation requesting a 9.6 percent decrease in the voluntary market and a 1.3 percent increase in the assigned...
