North Carolina News

North Carolina Auto Insurance Companies Seek 1.4% Hike

North Carolina Insurance Commissioner Wayne Goodwin has confirmed that his department has received the annual auto insurance rate filing from the North Carolina Rate Bureau. The bureau, which represents the auto insurance companies writing business in the state, requested an …

Business Moves

Liberty Mutual, Wausau Liberty Mutual Group, which sells insurance both direct and through independent agents, is discontinuing direct distribution to mid-sized businesses and now plans to distribute its commercial property/casualty insurance products in the middle market exclusively through independent agents …

Pros and Cons of Running a Small Business Unit

Agencies Say SBUs Take Dedication, Technology But Offer Profitability Going for the big fish may bring in big returns but some agencies think having a strategic plan to go after all those little fish is just as important. Three of …

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. High-Value Homeowners’ Protection Market Detail: Irwin Siegel Agency Inc. brings agents access to AIG’s Private …

G4S, National Unity Form Anti-Fraud Partnership

North Carolina-based G4S Compliance & Investigations has formed partnership with National Unity Insurance Company, a Texas-headquartered company specializing in providing liability insurance for Mexican private and commercial auto while traveling in the United States and Canada. Under the agreement, G4S …

North Carolina Leaders Recall Former Insurance Commissioner Long

North Carolina’s top elected statewide officials remembered former colleague Jim Long at their regular monthly meeting Tuesday, calling the ex-insurance commissioner a friend who dedicated his career to the state. Long’s death Monday subdued what was otherwise a historic council …

2008 Insurance Fraud Hall of Shame

A serial home arsonist, an elected judge who made phony auto injury claims, and dentists who did worthless root canals on children were among the nine swindlers elected to the Insurance Hall of Shame. The Coalition Against Insurance Fraud’s Hall …

Former North Carolina Commissioner Long Dies

Former North Carolina Insurance Commissioner Jim Long, who retired last month after serving 24 years as state regulator, died Monday, 12 days after suffering a stroke. Long, 68, was one of the longest-serving elected officials in state history. Before being …

North Carolina Agent Arrested on Embezzlement Charges

North Carolina Department of Insurance investigators said they arrested Teeketa Graham Davis of Sophia, N.C. on charges of embezzling more than $68,000. Department investigators allege that Davis, a licensed insurance agent with Wilson Insurance Associates, pocketed $68,465.09 in customer insurance …

North Carolina Officials Allege Hobgood Man Collected on Claim Twice

North Carolina Insurance Commissioner Wayne Goodwin reported the arrest of an Edgecombe County man. The warrant alleges Johnny Harper, Jr., 26, of Hobgood, N.C., collected two settlements for one auto insurance claim. Goodwin said Harper was arrested by Department of …