North Carolina News

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to recent studies by the Insurance Institute for Highway …

N.C. Woman Arrested for Insurance Fraud

N.C. Insurance enforcement officials arrested a Wake County woman, charging her with one count of obtaining property by false pretense. Seung Yon Yu Johnson, of Raleigh was processed at the Guilford County jail and released under a written promise to …

After Crop Damage, Drought-parched North Carolina Sees Rain

A drought report released Tuesday says 17 North Carolina water systems serving hundreds of thousands of residents are near a crisis-level shortage. The lengthy drought has strained North Carolina’s water systems and damaged crops across the state. An early band …

Texas Workers’ Comp Penalties Total Nearly $685K for Aug., Sept.

Final disciplinary actions taken by Texas Commissioner of Workers’ Compensation Albert Betts during August and September 2007 include orders assessing administrative penalties totaling $684,877 for violations of the Texas Workers’ Compensation Act. Commissioner’s orders are subject to appeal to state …

Commonwealth Underwriters Names V.P. for North Carolina

Commonwealth Underwriters Ltd., a regional Excess & Surplus Lines Broker based in Richmond, Va., has appointed G. Stephen Allen as vice president of North Carolina operations, based in Raleigh. Prior to joining Commonwealth, Allen was executive vice president of DVUA …

Wholesaler AmWINS Buys Calif.’s London American General

AmWINS Group, Inc., a national wholesale insurance broker based in Charlotte, N.C., reports it has acquired London American General Agency, Inc. Based in San Diego, California, London American is a managing general agent and program underwriter for the commercial transportation …

Tapco Introduces Vacant Property and Builders’ Risk Programs in Calif.

Burlington, N.C.-based Tapco Insurance Services Inc. has introduced a vacant property and builders’ risk program to agents in California. TAPCO opened its California location in Los Angeles on Sept. 17, 2007. Program highlights include: *Quotes are provided over the phone, …

Waste Storage Firm Will not Rebuild in N.C., Relinquishes Permit

A hazardous waste storage company is relinquishing its permit for a site in Apex, N.C., that caught fire last year, forcing thousands of town residents to flee. The state Division of Waste Management says EQ Industrial Services also agreed to …

Ga. Company Recalls Meat from Restaurants in N.C., 3 Other States

A meat company in Forest Park, Ga., is recalling 1,900 pounds of ground beef sent to restaurants in Georgia, North Carolina, and two other states, saying it may be contaminated with E. coli. Arko Veal Company officials say the company …

Tapco Underwriters Adds Specialty Contractors Program in Texas

Burlington, N.C.-based TAPCO Underwriters Inc. (TAPCO) has introduced a specialty contractors program, offering monoline general liability coverages to agents in Texas, the company announced. TAPCO opened its Texas location in Houston on Aug. 1, 2007. The program targets specialty contractors, …