North Carolina News

It Figures

30,000 The number of Florida homeowners who could end up as part of a class action suit against German drywall maker Knauf Gips KG and other manufacturers of Chinese drywall. The plaintiffs allege that the plasterboard is contaminated and is …

Business Moves

BrickStreet Mutual Workers’ compensation insurer BrickStreet Mutual Insurance Co. wants to expand into Kentucky, Virginia, Alabama, Pennsylvania and Illinois. President and Chief Executive Officer Greg Burton says the West Virginia-based company plans to apply in those states over the next …

People

Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …

Business Moves

State Farm Fire and Casualty Co. Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeowners insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective on April 1, 2009, …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

Now Offering Contractor GL Insurance in Arkansas, Kentucky, Oregon, Idaho, Montana, New Jersey & South Carolina

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”) specializes in general liability insurance for licensed residential and commercial general and artisan contractors. NCIC writes the difficult Classes: Roofers, Foundations, Excavators, Fire Sprinklers, Paper GC’s, Custom Home Builders & …

North Carolina Insurance Agent Arrested on Embezzlement Charges

North Carolina insurance agent Pam S. Bollinger, 44, has been charged with stealing from her former employer, a Rockwell insurance agency. State insurance department investigators allege that from 2007 until Sept. 26, 2008, Bollinger stole some $11,582 from the Miller-Poole …

Crime Victims’ Compensation Claims Reviewed in North Carolina

A North Carolina commission may pay out about $1.4 million to reimburse crime victims for out-of-pocket expenses they incurred related to crimes committed against them. The Crime Victims Compensation Commission heard a total of 116 claims at its meeting this …

Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy

Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance program. Taylor’s proposal — the Multiple Peril Insurance Act of 2009– …

Business Moves

Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …