North Carolina News

Oswald Cos. to Acquire Mich.-based Risk and Insurance Expert

Cleveland-based Oswald Companies announced it is acquiring another longstanding Midwest market leader Poyle Associates, located in the Detroit suburbs. The Cleveland-based risk expert and insurance brokerage will now serve Michigan markets as Oswald Poyle Associates. “We appreciate Poyle Associates history …

Insurance Overhead Lowered in Eighteen States

RESEDA, CA – Insurance agents from Boston to Miami and in seven western states can now access a cost-saving online digital photo service to reduce overhead and improve risk assessment simultaneously. The FastSnap web site (www.FastSnap.com) lets insurance underwriters, agents …

Auto Insurance Costs Holding Steady; Average Nationwide Premium at $867

The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and fraud-fighting efforts are some of …

James River: 45% Jump in Premiums; Comp Loss; Call Today

James River Group, Inc. in Chapel Hill, N.C., announced financial results for the quarter ended March 31, including net income of $6.8 million compared to $4.6 million for the first quarter of 2005; an overall combined ratio of 85.8%; and …

N.C. ‘Young Agents’ Meet Congressional Leaders in Washington

Members of the Independent Insurance Agents of North Carolina traveled to Washington, DC last week for the Independent Insurance Agents and Brokers of America’s April 26 to 28 National Legislative Conference. The IIABA National Legislative Conference is the insurance industry’s …

Virginia Schedules First ‘Distracted Driver Awareness Day’ for May 3

The Virginia Department of Transportation, Drive Smart Virginia and GEICO are partnering to take action to help “reduce the use” of cell phones and other driver distractions by creating the first annual “Distracted Driver Awareness Day,” May 3, in Virginia …

Progressive Drives Commercial Auto Into North Carolina

The Progressive Group of Insurance Co.’s, the third largest auto insurance group in the country, is offering commercial auto insurance through Drive Insurance from Progressive local independent agents in North Carolina. Previously, Progressive’s commercial coverages were available in North Carolina …

University of Michigan Provides Diabetes Medicine Free

Trying to slow the growing health care costs of diabetes, the University of Michigan said this week that it will provide most diabetes medicines free to insured employees and their families who need the drugs. The program, a two-year experiment, …

Trident Forms Strategic Agreement with Vaaler

Trident Insurance Services, LLC, a wholly owned subsidiary of Argonaut Group Inc., entered into a strategic agreement with Vaaler Insurance to be its exclusive program manager for writing public schools in the state of Minnesota. Trident’s public school program targets …

Despite Weather, Donegal Group Reports Solid 1st Quarter

Donegal Group Inc. reported continued positive underwriting results and an increase in net income of 8.5 percent, bringing it to $9.1 million or $.36 per share, for the first quarter. That compared to $8,417,088, or $.34 per share on a …