North Carolina News

AIG Names Martinez CEO of United Guaranty

American International Group, Inc. (AIG) has named Eric Martinez, Jr. as chief executive officer of United Guaranty Corp. (UGC). UGC, based in Greensboro, North Carolina, is a provider of mortgage guaranty insurance. Martinez succeeds William V. (Billy) Nutt, who has …

24 The number of settlements being worked out of 27 lawsuits against Dr. John King, the one-time West Virginia osteopath at the center of scores of malpractice claims. A medical device maker, Biomet Inc., told shareholders it has reached agreements …

My 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. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …

Republicans Introduce Health Care Reform Plan

Congressional Republicans unveiled a health care reform plan they hope will compete with what Democrats are planning to offer. U.S. Sens. Tom Coburn, M.D., of Oklahoma, and Richard Burr of North Carolina, along with U.S. Reps. Paul Ryan of Wisconsin …

Coastal Insureds, Insurers Brace for Start of New Hurricane Season

As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and coverage change. And …

Unsecured Foreclosed Homes Pose Huge Risk as Hurricane Season Opens

Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: “A lot …

WorkComp Institute Names Long as Agency Services Director

The former workers’ compensation claims manager for Walt Disney World, Teresa Long, has become director of Agency Services for the Institute of WorkComp Professionals (IWCP), a national network of workers’ compensation professionals. Long will be working with IWCP member insurance …

North Carolina Agent Charged with Murder Pleads Guilty to Embezzlement

Former North Carolina insurance agent Michael A. Howell has pleaded guilty to 25 counts of embezzlement and is expected to plead guilty to the murder of the state examiner who audited his agency about one year ago. Howell, 41, has …

Republicans Explain Their Health Care Reform Plan

While President Obama may believe the stars are aligned for major health reform this year it is far from certain whether Congress will pass a bill that works. The groups that are most likely to unravel this effort are not …

Republican Health Care Reform Nixes Public Option, New Taxes

Congressional Republicans today unveiled a health care reform plan they hope will compete with what Democrats are planning to offer. U.S. Senators Tom Coburn, M.D., of Oklahoma, and Richard Burr, of North Carolina, along with U.S. Representatives Paul Ryan of …