North Carolina News

Model Credit Bill Scores Big

Six months ago it was uncertain whether a consensus model credit-based insurance scoring bill devised by the National Conference of Insurance Legislators (NCOIL) with the cooperation of producers, carriers and consumer groups would carry the day in state legislatures around …

Excess Flood Coverage

Nuts & Bolts: AIG Private Client Group, a Division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced Excess Flood Coverage to support insureds in the event of catastrophic loss caused by flood. Aimed at …

American Wholesale Forms Chicago Operation

American Wholesale Insurance Group (www.amwins.com), based in Charlotte, N.C., announced the formation of a new wholesale brokerage operation in Chicago, Ill., to be led by Don Alberico. “Expanding our capabilities into the Midwest marketplace has always been a part of …

N.C. Auto Body Manager Arrested on Fraud Charges

North Carolina Insurance Commissioner Jim Long announced the arrest of Jim Goodman, manager, foreman and estimator for USA Custom Paint and Body Shop of Raleigh, N.C., on six counts of making a false statement to procure insurance benefits, a felony. …

Alleged Auto Fraud Ring Busted in N.C.

North Carolina Insurance Commissioner Jim Long announced the arrest of five suspects believed to be part of an extensive auto insurance fraud ring operating in Forsyth and Guilford Counties. Criminal investigators from the Department of Insurance (DOI), accompanied by officers …

Seibels Bruce Announces Profit for Q2

The Seibels Bruce Group Inc. of Columbia, S.C., announced financial results for the quarter that ended June 30, 2003, noting that the company posted a net profit of $759,000, or $0.08 per share (basic and diluted). This is compared with …

Uninsured Drivers Travel Under the Radar

Two things are abundantly clear when it comes to the issue of uninsured motorists: The problem is a big one and it’s nearly impossible to know with any certainty exactly how many uninsured drivers there are on the nation’s roads. …

Uninsured Drivers Travel Under the Radar

Two things are abundantly clear when it comes to the issue of uninsured motorists: The problem is a big one and it’s nearly impossible to know with any certainty how many uninsured drivers there are on the nation’s roads. “The …

IIANC Enhances Scholarship Endowment

The Independent Insurance Agents of North Carolina (IIANC) announced it recently added a $10,000 contribution to its existing $50,000 endowed scholarship for business majors at the University of North Carolina at Pembroke. “In September of 1997 IIANC established the scholarship …

Keystone Insurers Group Marks 20 Years in Business

The Pennsylvania-based Keystone Insurers Group, a leading franchiser of independent insurance agencies, announced that it is celebrating 20 years of service, and will mark the occasion with an Open House at its new corporate headquarters in Northumberland on August 15. …