North Carolina News

Insurance Helps But North Carolina Family Struggles to Rebuild After Fire

Alma Salas printed out an application for Extreme Home Makeover the night before her house was destroyed by fire. “It wasn’t a perfect home, but I bought it with intentions of building it up,” she said. “Now it makes me …

Why Now Is a Good Time for Agency Network Growth

They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few years they have become …

Republicans Gain Control in State Houses

Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …

North Carolina Court Rejects Counties’ Challenge to 2008 Homeowners Rates

Municipalities do not have standing to challenge decisions on insurance rates issued by the state insurance department, a North Carolina Court of Appeals has ruled. Twelve North Carolina counties, led by dare County, along with 10 towns and two private …

North Carolina Alleges Granddaughter Took Grandma’s Fire Insurance Funds

A North Carolina woman has been arrested on charges that she took insurance claim checks from an October 2009 house fire that destroyed her grandmother’s residence. Insurance Commissioner Wayne Goodwin announced the arrest of Dawn Hathcock Morris, 40, of Albemarle, …

Declarations

Pioneering “This new lab is a tangible, dramatic, generous demonstration of the property insurance industry’s deep commitment to reducing and preventing losses that disrupt the lives of millions of home and business owners each year.” —Julie Rochman, Institute for Building …

North Carolina Has High Workers’ Compensation Medical Costs

North Carolina’s medical costs per workers’ compensation claim were among the highest in a study of 15 states, according to a new report. The study by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI) said that several factors led to …

People

Aubie W. Knight has assumed the role of chief executive officer of the Independent Insurance Agents of Georgia (IIAG). Knight has been with IIAG since 1996. During his tenure, he has been responsible for most of IIAG’s for-profit operations and …

Midwest Pummeled by Storms

A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up …

North Carolina Workers’ Compensation Rates Given a Nudge

North Carolina employers’ costs for workers’ compensation will inch up next spring under an agreement reached between the state and insurers. The settlement ordered a 0.6 percent increase for voluntary market loss costs and 4.1 percent increase for the assigned …