North Carolina News

MJM Investigations Adds Pair to Board

North Carolina-based MJM Investigations announced two more additions to its Board. Donald Coggiola is the retired executive vice president for Policy Management Systems Corporation (PMSC) and Arthur Slotkin is the retired executive vice president of Science Applications International Corporation (SAIC). …

IIANC’s Young Agents Conference Runs June 13-15

The Independent Insurance Agents of North Carolina’s (IIANC’s) annual Young Agents Conference, a conference in North Carolina targeted to agents 41 years of age and under, will be held June 13-15, at the Holiday Inn Sunspree in Wrightsville Beach. The …

Gateway Insurance Services Acquires Whitehurst Insurance Agency

Gateway Financial Holdings Inc., the holding company for Gateway Bank & Trust Co., announced that its subsidiary, Gateway Insurance Services Inc., purchased Whitehurst Insurance Agency, Inc. effective May 1, 2004. Whitehurst has offices in Elizabeth City, Edenton, and Moyock, North …

More Maryland Bills Assist Isabel Victims

In the final days of the Maryland General Assembly’s 2004 session, Maryland lawmakers approved several measures to help Tropical Storm Isabel victims and to prevent future problems with flood insurance policies. On the last day of the 90-day session, legislators …

N.C. Supreme Court Upholds Punitive Damages Cap

Southeast News • April 7, 2004 “We need more of these controls on the get rich quick low lifes out there. Other states need to incorporate the same cap, that’s more than enough.” — Weldon “Wally” Wallace, Weatherford, Texas

N.C. Supreme Court Upholds Punitive Damages Cap

Southeast News • April 7, 2004 “We need more of these controls on the get rich quick low files out there. Other states need to incorporate the same cap, that’s more than enough.” — Weldon “Wally” Wallace, Weatherford, Texas

BB&T Finalizes Acquisition of Capitol Premium Plan

North Carolina-based BB&T Corporation has completed its acquisition of insurance premium finance company Capitol Premium Plan Inc. of Charlotte, N.C. BB&T has combined the 43-year-old firm with Prime Rate Premium Finance Corp. Inc., the Florence, S.C.-based premium finance business BB&T …

Did You See What So and So Said’

Computers never cease to amaze me. The available options on various Web sites can be both great and at times mind-boggling. Here at Insurance Journal, we’ve tried to make things as simple as possible, especially when it comes to getting …

N.C. Supreme Court Backs Punitive Damages Cap

The North Carolina Supreme Court has reaffirmed the constitutionality of the state’s law capping punitive damages, a decision that maintains the certainty and predictability of North Carolina’s judicial system, according to the American Insurance Association (AIA). AIA joined with the …

North Carolina: From the Wright Brothers to Krispy Kremes

The United States Census Bureau’s Census 2000 estimated the population of the State of North Carolina at 8,049,313. Approximately 78 percent of the adult residents had graduated from high school and about 23 percent had earned a bachelor’s degree or …