North Carolina News

Regulators Clear Sale of James River To D.E. Shaw Group

Chapel Hill, N.C.-based James River Group Inc. announced that Franklin Holdings (Bermuda), Ltd., a Bermuda holding company and member of the D. E. Shaw group, has received approval for its acquisition of the company from the State of Ohio Department …

N.C.: Lumberton Man Arrested in Insurance Fraud Case

North Carolina Department of Insurance officials arrested a Lumberton, N.C., man on one count of insurance fraud earlier this month. After being indicted by the Robeson County Grand Jury on Nov. 13, Brandon Lee Stone, 31, was arrested on Nov. …

S&P Announces Rating Actions on Five Major Mortgage Insurers

Standard & Poor’s Ratings Services announced a number of rating actions, covering five mortgage guarantee insurers: Radian Group, Mortgage Guaranty Insurance PMI Group, Triad Guaranty and Old Republic. The sector has been severely affected by the subprime mortgage crisis, which …

N.C. Insurance Agent Arrested for Allegedly Pocketing Premium Payments

North Carolina officials arrested a Fayetteville, N.C., woman and charged her with three counts of embezzlement by an insurance agent, according to Insurance Commissioner Jim Long Jessica Rachelle Forde, 32, worked as a licensed insurance agent for Insurance Service Center …

N.C. Mother and Son Arrested on Suspicion of Insurance Fraud

North Carolina officials arrested a mother and her son, both of Littleton, N.C. and charged them with insurance fraud, according to Insurance Commissioner Jim Long. Ida Rosser Macon, 66, was charged with one count each of insurance fraud and conspiracy …

Insurance Compact Adopts ’08 Budget

The Interstate Insurance Product Regulation Commission adopted a $1.4 million 2008 budget by a vote of its full membership in a public teleconference yesterday. Following a comprehensive comment period, including a public hearing before its Management Committee last week, the …

N.C. Woman Arrested on Insurance Fraud Charges

North Carolina officials arrested a Wilson, N.C., woman and charged her with three counts of obtaining property by false pretense, according to Insurance Commissioner Jim Long. Dorothy Faye Joyner, 58, was processed at the Wilson County Detention Center and received …

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. Privacy General Liability Nuts & Bolts: Insurebest.com is offering privacy general liability on an occurrence …

My 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. Privacy General Liability Nuts & Bolts: Insurebest.com is offering privacy general liability on an occurrence …

People

The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston recently. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the association’s new chair; John Blackburn, CEO of Country …