North Carolina News

Jones Joins PMC as Vice President

Workers’ compensation wholesaler PMC Insurance Group has named Bob Jones vice president. He will share responsibilities for expanding PMC’s agency management plan and revenue growth in New York, New Jersey and Connecticut. Jones is a 30-year industry veteran, mostly on …

North Carolina Agent Accused of Embezzlement

Godfrey Gray Bell, Sr., of Greenville, N.C., has been arrested and charged with one count of embezzlement by an insurance agent, according to state officials. Department of Insurance criminal investigators allege that from Jan. 8 through 27, 2010, Bell, while …

North Carolina Blue Cross to Refund $155 Million to Policyholders

North Carolina’s largest health insurer will refund $155 million to more than 215,000 individual policyholders as a result of the Affordable Care Act that took effect earlier this year, the company said. Individual policyholders will get back the equivalent of …

Hurricane Earl Proves Kinder, Gentler Than First Feared

Risk modelers say Hurricane Earl caused very minimal damage as it passed by the East Coast and agents in the hardest hit area of the United States, the Outer Banks of North Carolina, say they have been receiving few claims. …

North Carolina Workers’ Compensation Insurers Seek Slight Increase

North Carolina Insurance Commissioner Wayne Goodwin has received the 2010 workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state’s workers compensation insurance companies. The filings requested an average increase of 1.2 percent in …

People

Former AIG Chief Executive Officer Martin Sullivan, who was ousted three months before the U.S. government bailed the insurer out, is joining Willis Group Holdings PLC. Sullivan will head a new unit – Willis Global Solutions– that will oversee brokerage …

Declarations

Kentucky Test Drives “This is primarily set up for kids. There are 300 different driving scenarios we can put somebody through on this. When you put all of that together, it becomes more than a video game. It makes you …

Business Moves

Monarch E&S Monarch E&S Insurance Services opened new offices in Hawaii and Arizona. The Hawaii office, located in Waikoloa, will be operated by company CEO Derek Borisoff. The Arizona office, located in Chandler, will be run by Senior Underwriter for …

Ryan Group Denies Wrongdoing by Former Employee

North Carolina-based wholesale insurance broker AmWINS has won a court order against a former employee it believes is using confidential client information to target AmWINS business accounts and win them over to his new employer. The former employee, David Austin, …

3 Win Progressive Insurance X-Prize for Fuel Efficient Vehicles

An ultralight, gas-powered car that can get 102 miles per gallon is among the winners of the $10 million Automotive X Prize, a contest to develop highly efficient, production-ready vehicles. While it’s not likely to go on sale in its …