North Carolina News

North Carolina Opens Criminal Probe of Insurance Agent Who Killed Himself

State Insurance Department officials say they have begun a criminal investigation into the businesses of a Fayetteville man who killed himself in August. The Fayetteville Observer reported that a spokeswoman says the state Insurance Department has begun the investigation of …

States Hosting International Insurance Regulators

The National Association of Insurance Commissioners (NAIC) welcomed 13 regulators from China, India, Korea, Lebanon, Republic of Srpska and Thailand to its International Internship Program for Education and Regulatory Cooperation. The fall program kicks off in Kansas City, Missouri this …

U.S. Avoids Major Landfall So Far in Active Hurricane Season

The 2010 Atlantic hurricane season has been very active in the number of storms but is likely to go down as a non-event for most people in the United States, which has so far dodged a major landfall, the top …

Insurer PURE Enters North Carolina High-End Coastal Home Market

An insurer specializing in pricey properties is moving into North Carolina with a particular eye toward coastal real estate. Privilege Underwriters Reciprocal Exchange (PURE) offers its homeowners insurance policies for homes worth more than $1 million. Policyholders share the risks …

People

The Hartford has appointed Lisa Morgan as senior vice president of its Middle Market commercial insurance business. Morgan will lead The Hartford’s $2 billion middle market commercial insurance unit that serves mid-sized businesses and other entities, such as educational institutions …

People

Salt Lake City-based The Buckner Co. named Mark A. Oligschlaeger executive vice president/chief operations officer. He joins the insurance firm after having spent the past 12 years working for Leucadia National Corp., where he most recently served as the vice …

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. Trucking Market Detail: USAssure Insurance Services. Inc. provides monoline or package program for commercial automobile. …

Feds Say North, South Carolina Programs Weak on Workplace Safety

Workplace safety programs in North and South Carolina downplay serious safety problems and levy weak fines, according to an audit released by the U.S. Labor Department. The audit showed that both states impose weak penalties and have mishandled cases involving …

Minor Earthquake Hits Virginia

The U.S. Geological Survey says a minor earthquake has hit Virginia. Dale Grant, a geophysicist with the USGS, said the magnitude 3.0 earthquake happened at 4:17 p.m. Saturday. Its epicenter was about 20 miles north of Richmond. Grant said there …

Business Moves

Palmer Miller Nelson, Keystone Insurers Group Palmer Miller Nelson Insurance Agency Inc. (PMN) of Columbus, Ohio, has become Keystone Insurers Group’s 24th franchise partner in Ohio. In business since 1855, PMN was the first agency appointed by Ohio Farmers Insurance …