North Carolina News

People & Places

John Delaney John Delaney, has been named a member of the board of directors of National Grange Mutual Insurance Co. Delaney became the fifth president of the University of North Florida in 2003 and previously served two terms as the …

Agent Fined, to Spend Six Months in Jail for Embezzlement

North Carolina Insurance Commis-sioner Jim Long announced the conclusion of an insurance fraud case against Eugenie H. Johnson of Fayetteville, who was accused of embezzling more than $220,000 from an insurance agency where she worked. Johnson was sentenced to pay …

McDonough to Head Citizens-Hanover Mid-Atlantic Team

Citizens and Hanover Insurance Companies have named Douglas H. McDonough regional president of its emerging Mid Atlantic region, effective immediately. In this role, he will manage all aspects of sales and distribution for the companies’ commercial and personal lines operations …

S.C. Firm Lands Two-Year Medicare, Medicaid Contract

The Centers for Medicare & Medicaid Services (CMS), the federal government agency responsible for administration of the Medicare program, has awarded Palmetto GBA, a subsidiary of BlueCross BlueShield of South Carolina, a new contract expanding its role in answering 1-800-MEDICARE …

Walden Named VP of Pacific Wholesale

Pacific Wholesale Insurance announced it has named Genia Walden as a company vice president. She will function both as a broker and an underwriter for the Dallas-based firm. Walden formerly served other leading MGA/brokerage companies in the Southwest. She has …

N.C. Rate Bureau Requests Double-Digit Homeowners’ Increases; 50 Percent in Coastal Regions

The N.C. Rate Bureau has filed a request with Insurance Commissioner Jim Long for an average increase statewide of 12.1 percent in homeowners’ insurance rates. Some proposed increases would hit 50 percent in coastal regions. “We are reviewing the filing …

Rep. Hart of Pa. Joins Critics of Flood Insurance Plan

A Pennsylvania congresswoman wants more oversight of the federal flood insurance program, saying local victims were shortchanged last year. Rep. Melissa Hart, R-Pa., has joined representatives from Maryland, Virginia, Florida, North Carolina and South Carolina to criticize the National Flood …

InsuranceNoodle to Offer OneBeacon’s Small Commercial Products

Chicago-based InsuranceNoodle has signed an agreement with Boston-based OneBeacon Insurance Group to offer the carrier’s OnePac P&C solution to the more than 2,400 independent commercial agencies currently using InsuranceNoodle’s proprietary, Web-based technology platform. Through InsuranceNoodle, NoodleNetwork partner agencies can write …

NCOIL March 5 General Session to Address Broker Compensation, Disclosure

Legislators will examine options to address broker compensation and disclosure concerns during a National Conference of Insurance Legislators’ general session scheduled March 5 in Hilton Head, N.C.. The discussion, entitled “Broker Compensation: Impact on the Insurance Market” will be followed …

Med-Mal Writer ProAssurance to Expand Mid-Atlantic Reach with NCRIC Merger

Brimingham,Alabanama-based medcial malpractice insurer ProAssurance Corporation (NYSE: PRA) and NCRIC Group, Inc., our of Washington, D.C., (NASDAQ: NCRI) announced an agreement to merge NCRIC into ProAssurance in a $69.6 million, all-stock transaction which values NCRIC at $10.10 per share based …