North Carolina News

12 Hurt in North Carolina Greyhound Bus Wreck after Driver Falls Asleep

Twelve people have minor injuries after a bus driver fell asleep at the wheel and the vehicle veered off the road and turned onto its side about 40 miles north of Raleigh, North Carolina. The North Carolina Highway Patrol says …

BB&T Insurance Services To Acquire Union Bank of California Brokerage

Raleigh, N.C.-based BB&T Insurance Services has reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition would expand BB&T’s insurance operation in California, where wholesale insurance subsidiary …

North Carolina Insurance Agent Charged with Embezzlement

North Carolina officials arrested a Newport, N.C. woman and charged her with one count of embezzlement by an insurance agent, according to Insurance Commissioner Jim Long. Heather Dawn Cagle, 34, who worked as an agent for Chalk & Gibbs insurance …

Louisiana Governor Seeking Ways to Increase Number of Skilled Workers

Construction companies short of skilled workers, hospitals needing more nurses, businesses complaining they can’t fined trained employees. That was the backdrop of a 1997 labor department revamp touted by then-Louisiana Gov. Mike Foster’s administration as a way to make it …

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …

N.C. Man Charged With Fraud in Diamond Ring Claim

North Carolina officials arrested a Garner, N.C. man and charged him with one count of insurance fraud and one count of obtaining property by false pretense, according to Insurance Commissioner Jim Long. The charges filed against Williams stem from allegations …

Business Moves

ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price exceeded the $2.4 …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …

North Carolina Fire Takes 2 City Blocks, Former Tobacco Warehouse

Fire has destroyed the warehouse of the former Imperial Tobacco Co., which covered two city blocks in downtown Greenville, N.C. The Daily Reflector of Greenville reported that the fire’s cause was unknown, although officials called it suspicious. Greenville attorney Tom …

CDC: Mounting Illness Reports Linked to Selenium Supplement

Health officials are investigating more than 180 reports of illness in people who took dietary supplements containing toxic levels of the mineral selenium. Last month, federal officials warned consumers about harmful doses of selenium – a mineral considered healthful in …