North Carolina News

CDS Announces New IL Property Tax Service

CDS Business Mapping announced that it has recently created a “layer of GIS (geographic information systems) mapping data showing the Insurance Taxing Districts for the state of Illinois.” The software enables insurance companies to accurately define mapping boundaries and can …

State National’s Specialty and SNIC Affiliates Expand

Fort Worth-based State National Companies announced two of its affiliates have been awarded state authorizations to write multiple lines of insurance. Rhode Island granted an authorization to State National Specialty Insurance Company, while North Carolina awarded authorization to State National …

BB&T to Acquire Savannah Agency

BB&T Insurance Services, based in Raleigh, N.C., announced plans to expand its Georgia operation with the acquisition of Cranman & Company Inc. of Savannah. BB&T would combine Cranman & Company with its existing Savannah agency—transportation industry specialist BB&T-Lofton Group—to form …

N.C. Rate Bureau Appeals Commissioner’s Order

The North Carolina Rate Bureau (NCRB)’s recent announcement that it is filing an appeal with the North Carolina courts to overturn Insurance Commissioner Jim Long’s order for auto rate reductions is necessary to retain viable rates in North Carolina, according …

Higher Auto Rates for N.C.

Drivers in North Carolina can expect higher rates for auto insurance even though the North Carolina Department of Insurance recently ordered a 17.8 percent decrease in rates. However, according to the Charlotte Observer, the North Carolina Rate Bureau, which represents …

N.C. Residents Arrested in Fraud Case

North Carolina Insurance Commissioner Jim Long and Wilkes County Sheriff Dane Mastin announced that Darryl Edward Billings and Jennifer Lyn Billings of North Wilkesboro were arrested recently on charges of Obtaining Property by False Pretense and Conspiracy to Obtain Property …

Pollard Elected NAII Chairman

William Pollard, executive vice president and general manager of the North Carolina Farm Bureau Mutual Insurance Company was elected chairman of the Board of Governors of the National Association of Independent Insurers (NAII) at the association’s Annual Meeting this week …

Agency Ideas® Launches Redesigned Web Site

Cary, N.C.-based Agency Ideas® announced the comprehensive redesign of it’s flagship website: www.agencyideas.com. “The site is now organized into sections: Sales & Marketing, Cross-Selling, and Producer Management. Each area contains an innovative collection of resources to advance the growth of …

N.C. Coastal Bill Seeks Balance on Insurance Rates

The latest version of a coastal insurance bill requires that the North Carolina Beach Plan provide a homeowners policy with rates that are not “inadequate, excessive or unfairly discriminatory,” and which must be approved by the commissioner. According to the …

BB&T Insurance Services to Acquire S.C. Agency

BB&T Insurance Services, based in Raleigh, N.C., announced plans to expand its South Carolina operation by acquiring Carolina Insurance Consultants Inc. of Greenville. BB&T intends to combine Carolina Insurance Consultants with BB&T-Goldsmith Joyner, its existing Greenville-based insurer, to form one …