North Carolina News

North Carolina Workplace Fatalities Rise as Economy Slows

Workplace deaths in North Carolina rose in 2008 after three years of declines, and officials worry that the nation’s sagging economy is partly to blame. Preliminary data provided by the North Carolina Department of Labor shows that there were 59 …

Need for Dam Inspections in Oklahoma Growing, Report Says

Some dams in Oklahoma do not have a state-required emergency action plan that outlines possible dangers and steps to protect residents in case of a breach and dozens of dams had not been inspected within the state-mandated one-year period, according …

Business Moves

The following mergers are in addition to those reported for the 2008 calendar year in Insurance Journal’s year-end issue, Dec. 22, 2008. CRC Insurance, TAPCO Underwriters CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch …

North Carolina Auto Rate Hike In Escrow Until Court Rules

Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents 144 auto insurers …

North Carolina Agrees to 4% Home Rate Hike

North Carolina Insurance Commissioner Jim Long has agreed to permit homeowners insurance companies to hike their rates an overall statewide average of 4.05 percent beginning May 1. This is below the statewide increase than the 19.5 percent increase originally proposed …

Texas, Oklahoma Among States Requiring Fire-Safe Cigarettes

Laws mandating stores only sell cigarettes that are slow-burning and fire-safe went into effect in five states on New Year’s Day, including Texas and Oklahoma. Those two states, plus Delaware, Iowa and Pennsylvania, joined 17 others in mandating the fire-safe …

Construction Insurance Brokers Say Building Backlog is Saving Commercial Sector… For Now

But Challenges Could Lie Ahead in 2009 Even With Government Stimulus Package Commercial construction insurance brokers from the northeast to the west coast, from Texas all the way to North Carolina, say the market and their business right now are …

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. Top 10 Most Unusual Searches on MyNewMarkets.com in 2008 Exotic Snake and Reptile Breeding Operation …

Business Moves

CRC Insurance, TAPCO Underwriters CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., plans to acquire TAPCO Underwriters Inc. The transaction was to be completed Dec. 31. Terms were not disclosed. …

Business Moves

Editor’s Note: For a comprehensive report of mergers and acquisitions for 2008, see Special Report: Agency Mergers in 2008 in the Dec. 22, 2008, edition of Insurance Journal. Euclid Insurance, Illinois American Insurance Agency Euclid Insurance Services Inc., has acquired …