North Carolina News

Drunk Driving Death Rates Declined in 23 States Last Year

Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …

It Figures

55% The rate hike that Florida’s insurer of last resort, Citizens Property Insurance Corp., decided to delay a vote on, following requests from lawmakers to wait until after the January special legislative session. 13,000 The number of free home inspections …

2006: a big year for P&C buyers and sellers of all shapes and sizes

JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. The American National Bank of Texas of Terrell, …

Figures

55% The rate hike that Florida’s insurer of last resort, Citizens Property Insurance Corp., decided to delay a vote on, following requests from lawmakers to wait until after the January special legislative session. 13,000 The number of free home inspections …

Business Moves

The Hartford, West Virginia The Hartford Financial Services Group Inc. has entered the personal lines independent agency market in West Virginia. Products being offered in West Virginia through The Hartford’s independent agency channel include the company’s Dimensions auto and homeowners …

2006:a big year for P&C buyers and sellers of all shapes and sizes

JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. American National Bank Acquires Dallas-based Sleeper, Sewell The American National …

Study Questions Workers’ Comp Ratings for Back Pain

A study of settlement decisions in workers’ compensation claims for low back pain has found almost no relationship between the rating of the disability’s severity when the claim was settlement and reported pain and disability 21 months later. Findings were …

Harrison Joins Burns & Wilcox in N.C.

Burns & Wilcox, the Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, has announced the addition of Buzz Harrison, who joins the company’s new Greensboro, N.C. office as a broker. Harrison has 30 years of experience …

N.C. Retains Fifth Lowest Auto Insurance Rates

prudential North Carolina continues to stand out as the state with lowest auto insurance rates east of the Mississippi and fifth lowest in the nation. The statistics are gleaned from a report by the National Association of Insurance Commissioners which …

Unilever Recalls Ragu Pasta Sauce over Undeclared Milk

Unilever said that it is, in cooperation with the Food and Drug Administration, voluntarily recalling 1,000 jars of a variety of Ragu pasta sauce from North Carolina and 14 other states because the formula contains undeclared milk. People with an …