North Carolina workers’ compensation rates paid by employers are going down. The state has agreed to a 9.6 percent decrease to the voluntary market loss costs and no change (zero percent) for the assigned risk markets. The changes will go …
Three more people have been arrested in connection with an alleged staged accident ring in North Carolina, bringing the total to seven in what has been a two-year investigation in Rowland. Insurance Commissioner Wayne Goodwin announced the arrest of Barbara …
$12.1 Million Cumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG …
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. Apartments Low Income Subsidized Housing Market Detail: Housing Insurance Services offers programs through two admitted …
Greensboro, North Carolina-based Key Risk, which provides workers compensation insurance throughout the eastern United States, promoted Mike Marcus to the position of vice president and corporate marketing officer. His appointment is effective immediately and he will report to Rob Standen, …
A former Army sergeant wounded during a military training exercise was awarded at least $750,000 in his lawsuit against the Moore County, North Carolina Sheriff’s Office and the former deputy who shot him. The Fayetteville Observer reported that the federal …
Charlotte, N.C.-based insurance consultancy InStrategy Group has appointed Robert Jones as managing director to lead the group’s retail practice. Jones has 30 years of experience in the insurance industry. The majority of his career has been on the retail agency …
Steven D. Carroll, Robert Jarratt and Michael H. Lee have been elected as the newest members of the Property Casualty Insurers Association of America’s (PCI) Board of Governors. Carroll, serves as executive vice president and general manager, North Carolina Farm …
Brian Schwarzbach has been named vice president of underwriting at North Carolina-based Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group. Schwarzbach has been in the excess and surplus lines industry for 25 years, including the past two …
A brother and sister have been arrested by North Carolina officials on charges of insurance fraud. State Insurance Commissioner Wayne Goodwin reported the arrest of Wanda Nichols Covington, 36, and her brother; Thomas Nichols Jr., 32, both of Lewiston Woodville. …
