North Carolina News

Insurance Auto Auctions Acquires N.C. Salvage Disposal Co.

Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the U. S., announced the acquisition of Wilmington Salvage Disposal Company in Castle Hayne, N. C., which is located just north of Wilmington. The 23-acre facility …

Young Agent, Company of the Year Announced in N.C.

The Independent Insurance Agents of North Carolina (IIANC) announced that Ernest Jeffrey Thomas was named IIANC’s Young Agent of the Year. In addition, North Carolina’s Young Agents presented the award for Company of the Year to Travelers Insurance Co. The …

Carolina Mattress Guild Rests Firm on Safety

The North Carolina Department of Insurance reported that the Carolina Mattress Guild announced it will meet tough new fire safety standards proposed by the state of California’s open flame mattress fire safety standard, Technical Bulletin 603. The department said the …

NAIER Announces CSR Award Winners

The National Alliance for Insurance Education & Research announced the selection of the state winners of the 2003 Outstanding CSR of the Year Award. The award originated in 1991 to recognize the contributions of outstanding customer service representatives within the …

Royal & SunAlliance Sells RSUI to Alleghany

Royal & SunAlliance USA announced the sale of Royal Specialty Underwriting Inc. (RSUI), its Atlanta-based excess and surplus lines business, to Alleghany Insurance Holdings LLC, a subsidiary of Alleghany Corp., for approximately $115 million. The transaction is expected to close …

Brown Named Outstanding N.C. CSR of the Year

The Independent Insurance Agents of North Carolina (IIANC) announced that Tracy Brown was named Outstanding CSR of the Year for the state of North Carolina by the Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance …

Atlatl Unveils ConsumerArts Internet Comparison Rating

Durham, North Carolina-based Atlatl announced the availability of ConsumerArts, an internet based North Carolina comparison rating system designed specifically for use by Independent Agents. Atlatl has been a technology leader in rating systems since 1981. Atlatl provides insurance proprietary point …

BB&T to Acquire Tennessee Agency

North Carolina-based BB&T Insurance Services announced plans to buy STHARCO Inc., parent company of Kingsport Development Company (KDC) Insurance Inc. of Kingsport, Tenn. The acquisition would give the insurance broker entry into the Tri-Cities area of northeast Tennessee and southwest …

Alliance Hails Enactment of VT Electronic Commerce Bill

The Alliance of American Insurers hailed Vermont Governor Jim Douglas’ (R) for signing into law HB 148, a version of the Uniform Electronic Transactions Act (UETA), which supports use of electronic records and signatures. (See IJ Website May 23) The …

Alliance Urges Passage of VT Electronic Commerce Bill

The Alliance of American Insurers has released a bulletin urging Vermont Governor Jim Douglas (R) to sign into law a bill, passed by the State’s legislature, that will “greatly enhance insurers’ and policyholders’ ability to conduct the business of insurance …