North Carolina News

Don’t Cheap Out on the Training

And Other Lessons from High-Performing Agencies Use your agency management system to the max. Measure your productivity. Communicate consistently and effectively with your staff, customers and carriers. And above all, don’t cheap out on the training. Do those tactics sound …

Justice Benjamins

Eleven states also elect insurance commissioners and given that insurance regulators are in many ways judges, the same potential conflicts are in play. An elected West Virginia judge should have taken himself out a case involving one of his major …

Main Street America Expands New BOP Into Mass., Conn. and N.C.

The Main Street America Group, a super regional property/casualty insurance carrier, is making its Main Line business owners’ policy (BOP) product and Main Street Station for commercial lines quoting and policy issuance system available to its independent agents in Massachusetts, …

Nationwide Exits North Carolina Mobile, Renters, Condo, Dwelling Markets

Citing concerns over the potential for property losses due to storms, Nationwide Insurance is exiting the mobile home insurance policy market in North Carolina, phasing out existing mobile home policies from Oct. 3, 2009 through Oct. 2, 2010 and halting …

Beacon Hill Associates Offers Workers’ Comp Product

PartnerOne Environmental, the underwriting division of Virginia-based wholesaler Beacon Hill Associates, says it can now offer workers’ comp coverage in conjunction with general liability or contractors pollution liability Coverage is provided by a group of A+ Rated insurance carriers with …

Arthur J. Gallagher Acquires North Carolina’s Taylor Insurance Agency

Illinois-based international insurance broker Arthur J. Gallagher & Co. has acquired Walker Taylor Agency of Wilmington, North Carolina. Terms of the transaction were not disclosed. Spanning five generations with insurance roots dating back to 1866, Walker Taylor Agency, Inc. is …

Keystone Takes Stake in East Coast Risk Management

Keystone Insurers Group has purchased an equity interest in East Coast Risk Management as part of a deal that will provide the group’s franchised locations with an expanded suite of services. Northumberland, Pennsylvania-based Keystone is one of the largest privately …

Former Alabama Insurance Executive Goff Sentenced to 12 Years

A former Montgomery, Alabama insurance executive has been sentenced to 12 years in federal prison for mail fraud and embezzlement in his insurance business. U.S. District Judge Myron Thompson imposed the sentence on John Goff and ordered him to pay …

Top 100 Profile: Strength in Numbers at Keystone Insurers Group

As Insurance Journal prepares for another Top 100 Independent Property/Casualty Agency List, to be published in our Aug. 3, 2009, magazine, the editors wanted to highlight a few of the current Top 100 agencies. Throughout the coming weeks, InsuranceJournal.com will …

Report: Bank Insurance Brokerage Income Falls Slightly in 2008

Bank holding companies’ (BHC) insurance brokerage income overall experienced a 3.6 percent drop in 2008, the first decline in total BHC brokerage income since 2001, according to a new industry report. “BHCs with assets greater than $10 billion, and, principally, …