North Carolina News

Tenn. Adjuster Awaits Sentencing in Faked Crop-Loss Scam

An East Tennessee insurance claims adjuster is awaiting sentencing in a crop loss insurance scam. The agent who sold multimillion-dollar crop insurance policies to tomato farmers who faked a hailstorm has been sentenced to more than two years in prison. …

People & Places

Edward Troy GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Brandon Hickey Before joining GAB Robins, Troy served as president of …

Statewide Code to Guide Rebuilding in Louisiana

The Louisiana Legislature passed a measure creating a mandatory, uniform statewide building code that proponents believe will not only help build a more structurally stable Loui-siana but will help keep insurance rates from skyrocketing. At press time Gov. Kathleen Blanco …

Non-Franchised Auto Dealers

Nuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will be available immediately through admitted and non-admitted carriers in select states. …

Business Moves

TD Banknorth, Boothby & Bartlett TD Banknorth Inc. is expanding its insurance presence in central Maine by purchasing Boothby & Bartlett Company, a community insurance agency in Waterville, Maine. The acquisition is scheduled to close in December. The insurance firm …

People

GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Before joining GAB Robins, Troy served as president of ESIS, a risk management …

Statewide Code to Guide Rebuilding in Louisiana

The Louisiana Legislature passed a measure creating a mandatory, uniform statewide building code that proponents believe will not only help build a more structurally stable Loui-siana but will help keep insurance rates from skyrocketing. At press time Gov. Kathleen Blanco …

New Markets

Non-Franchised Auto Dealers Nuts & Bolts: DMI Insurance Services Inc. ha expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will be available immediately through admitted and non-admitted carriers …

South Financial Group Acquires Lossing Insurance Agency of Ocala, Fla.

The Lossing Insurance Agency, an independent agency based in Ocala, Fla. has been acquired by the South Financial Group Inc. of Greenville, S.C. Terms of the transaction were not disclosed. The acquisition gives The South Financial Group its third insurance …

Investors Turn Up Heat on Insurers to Disclose Risk from Climate Change

Citing the risks that they say insurance companies face from losses and financial risks associated with climate change, 20 U.S. investors led by several state treasurers urged 30 of the largest publicly-held insurance companies in North America to disclose their …