North Carolina News

It Figures

$12 Million The verdict, recently overturned by a Florida appeals court, against a Miami high school previously found liable for the injuries of a student who survived a drunken driving crash. In 2008, a Miami-Dade jury found the Archbishop Coleman …

M&A Activity at Decade Lows

Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …

Business Moves

OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …

Road Safety Advocates Rank North Carolina, Tennessee Among Best

Highway safety advocates recently released an annual report card grading all 50 states and the District of Columbia on their performance when it comes to adopting and maintaining 15 model traffic safety laws. This year the report by Advocates for …

People

Insurance broker Lockton Southeast recently added Veronica Corkan to its team of benefits experts as vice president and unit manager in Atlanta. She joins Lockton after having served as a senior health and welfare consultant at Towers Perrin. Corkan has …

Business Moves

OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …

Keystone Insurers Adds 2 More Kentucky Agencies; Total Now 13

Keystone Insurers Group (KIG) is continuing its expansion in Kentucky. The company announced it has added Rowland Insurance and Rudd Insurance to its growing list of partner agencies in Kentucky. These two firms join KIG’s network of more than 200 …

Certain Safety Codes Didn’t Apply to Connecticut Plant

Three days before the deadly explosion at a Connecticut natural gas power plant, a federal agency that investigates chemical accidents recommended urgent changes to national safety standards for clearing gas from pipes. But even if those changes had been in …

4 Companies Told to Stop Selling Insurance Products in Kansas

Kansas Commissioner of Insurance Sandy Praeger has issued a cease and desist order to four companies and four individuals for selling unauthorized health insurance and distributing deceptive advertising. The Kansas Insurance Department identified the companies as: Real Benefits Association, Serve …