North Carolina News

Two-County Sweep in N.C. Yields 10 Arrests for Insurance Fraud

In what officials describe as the largest auto insurance fraud ring in North Carolina history, 10 residents of Cleveland and Rutherford Counties are accused of defrauding insurance companies of an estimated $1 million. Arrested by Department of Insurance investigators, the …

Island Is First Municipality in S.C. to Adopt Data Security Plan

If a hurricane strikes or other disaster hits South Carolina, the Isle of Palms has assured its computer data will be safe and easily recovered, officials say. The barrier island is the first municipality in the state to use a …

Virginia Mutual Policyholders OK Stock Conversion, Merger with Alfa

Policyholders of Virginia Mutual Insurance Co. have approved the previously announced plan of conversion with Alfa Corp., the companies reported. Under the agreement, Virginia Mutual will convert from a mutual company to a stock company and simultaneously merge with a …

Ill. Director Looks at New Options for Insurers to Serve Urban Markets

Regulators want to make sure that insurers are serving the urban market appropriately, according to Illinois Insurance Director Michael T. McRaith, who spoke at a recent workshop sponsored by the Urban Insurance Partners Institute (UIPI), a nonprofit insurance industry organization. …

Oswald Opens Minneapolis Office

Oswald Companies, an insurance brokerage firm, announced the opening of a Minneapolis office. The focus of the new office is business insurance solutions in property & casualty and benefits for manufacturing, retail, healthcare, logistics and family or closely held businesses. …

Regulators Install Management Committee for Interstate Compact

The Interstate Insurance Product Regulation Commission created by the National Association of Insurance Commissioners installed its Management Committee and elected a Committee chair, vice-chair and treasurer recently during the Commission’s inaugural annual meeting in Lansdowne, Va. The Commission elected Pennsylvania …

Kaplan Installed as President of Texas Surplus Lines Association

The Texas Surplus Lines Association Inc. announced the election of the following officers and directors at the organizations 50th annual meeting held Nov. 13, 2006, at the Four Seasons Hotel in Austin, Texas: President Len Kaplan, executive vice president and …

Reynolds Named Southeast Manager for Mutual Insurer Trade Group

The former director of public affairs for Indiana Farm Bureau Insurance, Liz Reynolds, has joined the National Association of Mutual Insurance Companies as state affairs manager for the southeast. Reynolds, will be stationed in Jacksonville, Fla., and will advocate on …

N.C. Seeks SBA Disaster Declaration for Columbus County

Gov. Mike Easley asked the Small Business Administration for a disaster declaration for Columbus County, N.C., to help pay for repairs and other expenses related to damages resulting from the severe weather that battered the state on November 16. If …

Judicial races in Southeast, nation prove contentious, costly

The midterm 2006 judicial elections saw judicial campaign contribution and advertising records smashed in numerous states holding high court elections. Voters went to the polls in 22 contested Supreme Court races in 10 states on Nov. 7. Campaigns for seats …