North Carolina News

Travelers Finds Water Damage Ten Times More Likely Than Fire

While fire may be a common worry among homeowners, claims data from Travelers suggests their homes could be as much as 10 times more likely to be damaged by water than by fire. Fortunately, much of this water-related damage can …

North Carolina Association Names Young Agent of the Year

The Young Agents Committee of the Independent Insurance Agents of North Carolina (IIANC) announced the association’s Young Agent of the Year, Broker of the Year and Company of the Year Awards for 2010. These awards were presented during IIANC’s 43rd …

Allstate Refunds $680,718 in North Carolina

North Carolina Insurance Commissioner Wayne Goodwin today announced that 1,803 Allstate Insurance Company policy holders in North Carolina will receive refunds totaling $680,718.22 after a Department of Insurance complaint investigation revealed the company was overcharging some auto insurance premiums. “Everyone …

North Carolina Agent Arrested for Embezzlement

Timothy Michael Moore, 40, of Fayetteville, N.C., has been arrested on four counts of embezzlement by an insurance agent, state Insurance Commissioner Wayne Goodwin announced today. North Carolina Department of Insurance criminal investigators allege that between Nov. 7, 2008, and …

North Carolina Apple Farmers Like Better Crop Insurance

North Carolina apple growers say they are happy to learn about proposed changes in federal crop insurance that would better protect them from a catastrophic loss. The Times-News of Hendersonville reported about two dozen Henderson County apple growers attended a …

Keystone Insurers to Enter Tennessee Market

Keystone Insurers Group, with more than 215 franchise partners in six states, today announced it will expand into Tennessee early next year. The privately held company is owned by its employees and partners in Pennsylvania, North Carolina, Virginia, Indiana, Ohio …

Businesses Often Consider Weather Before Going to North Carolina

When hurricanes and tropical storms hit the North Carolina coast, it can give pause to residents and also to those considering moving close to the ocean. But does it do the same thing to businesses? Coastal geography “is always a …

North Carolina Rate Bureau Requests Workers’ Comp 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 …

North Carolina Expects Little Insurance Loss from Earl

Risk modelers say Hurricane Earl caused extremely 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, are receiving few claims. “We had very …

Ryan Group Denies Any Wrongdoing by Former AmWINS 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, …