North Carolina News

Highlands Insurance Group to Restructure; Stop Writing Policies

As the Highlands Insurance Group Inc. attempts to restructure itself and return to profitability, it has announced plans to stop writing any new or renewal insurance policies, and is considering selling business or transferring renewal rights to third parties as …

Kansas Department Receives Five Year Accreditation

The Kansas Insurance Department was awarded accreditation this week at the National Association of Insurance Commissioners (NAIC) winter national meeting in Chicago. Hawaii, North Carolina and Ohio also received accreditation at this year’s meeting. Currently, 47 states, as well as …

Highlands to Cease Writing New, Renewal Business

Highlands Insurance Group, Inc., based in Lawrenceville, New Jersey, announced that it will cease writing any new or renewal business as soon as it is practicable to do so in accordance with “applicable insurance law.” The action follows a marked …

Erie Insurance to Expand into Minnesota

Just months after Erie Insurance began writing insurance in Wisconsin, the property/casualty insurer announced its intention to expand operations even further into Minnesota by September 2004. This is the 12th state that will be served by the company, in addition …

InsuranceNoodle Adds Five States to Roster

InsuranceNoodle announced it has begun selling insurance in Mississippi, Nevada, New Hampshire, North Dakota and Utah. With the addition of these five states, the e-broker is now licensed in 45 states and the District of Columbia and reaches 96 percent …

Air Crash Claims Drive Taisei into Bankruptcy

Japan’s Taisei Fire and Marine Life Insurance Co. filed for bankruptcy protection under the country’s rehabilitation regulations on Thursday, citing over $60 million in damage claims from aviation reinsurance coverage related to the Sept. 11 attacks on the U.S. While …

BB&T’s Aggressive Expansion Plan Includes Mergers, Acquisitions

BB&T Corporation, the Winston-Salem, N.C.-based financial services company with strong insurance interests, is maintaining its strategy of expansion across the southern U.S. by agreeing in principle to merge with Birmingham, Ala.-based Cooney Rikard & Curtin Inc. (CRC), the nation’s largest …

BB&T’ Southern Expansion Includes Mergers, Acquisitions

BB&T Corporation, the Winston-Salem, N.C.-based financial services company with strong insurance interests, is maintaining its strategy of expansion across the southern U.S. by agreeing in principle to merge with Birmingham, Ala.-based Cooney Rikard & Curtin Inc. (CRC), the nation’s largest …

NAII Board of Governors Elect GEICO’s Nicely Chairman

Tony Nicely, chairman, president and CEO of GEICO, was elected chairman of the National Association of Independent Insurers board of governors on Nov. 7 during the association’s annual meeting in New Orleans. Nicely began his career with GEICO in 1961 …

InsureZone’s AgentSecure Adds Seven New Customers

InsureZone, the nationwide “clicks and mortar” insurance agency that enables purchases of small commercial insurance through multiple channels, announced that AgentSecure — its Web-enabled market-access program for smaller and rural commercial agents — has picked up seven new exclusive co-marketing …