North Carolina News

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. Baby Products MarketScout: www.marketscout.com gives agents access to a products liability market for baby products. …

Top Regional Stories of 2008

West California Passed Agent-Broker Law The most notable bill affecting California agents was AB 2956, which clarifies the duties of an insurance agent versus a broker. Prior to the new law, confusion existed within the industry, with consumers, brokers, agents, …

Other Agency/Brokerage Transactions in 2008

Transactions involving agencies and brokerages other than the Brown & Brown, Arthur J. Gallagher and Hub International (see below) deals in the months announced or completed: January California: R.E. Chaix & Associates Buys Katie Freeman Insurance Services Georgia’s Britt/Paulk Insurance …

2008: Busy Year for Mergers, Big and Small

A lot happened in the world of insurance agency/brokerage mergers and acquisitions in 2008. Willis made the biggest slash with its $2.1 billion acquisition of Hilb Rogal & Hobbs Co. (HRH), one of the world’s largest insurance brokers and risk …

BB&T to Acquire Florida’s J. Rolfe Davis Insurance

BB&T Insurance Services, the nation’s sixth largest insurance broker, reports it plans to acquire J. Rolfe Davis Insurance of Maitland, Fla. Founded in 1942 by former Orlando mayor J. Rolfe Davis, the privately-held broker is ranked among the nation’s top …

CRC Insurance to Acquire North Carolina-Based TAPCO Underwriters

CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., reports that it plans to acquire TAPCO Underwriters Inc. TAPCO will operate as a division of CRC managing general agency, Southern Cross …

North Carolina Agrees to 4% Home Insurance Rate Hike

North Carolina Insurance Commissioner Jim Long today signed a settlement agreement with homeowners insurance companies allowing an overall statewide average increase of 4.05 percent in rates beginning May 1. This is below the statewide increase than the 19.5 percent increase …

90 Year Old Driving Instructor in North Carolina Holds Last Class

Cars change. Roads change. So do drivers. Dick Conover of Emerald Isle spent more than 20 years helping drivers 55 and older recognize and adjust to these changes. He retired in early December as an instructor of AARP’s Driver Safety …

Economic Crisis Leaves States Less Ready to Handle Disasters

Progress made to better protect the country from disease outbreaks, natural disasters, and bioterrorism is now at risk, due to budget cuts and the economic crisis, according to a new report. The report concludes that major gaps remain in many …

South Carolina Better Prepared for Disaster; Lags Only on Liability Issue

The latest report by a health research group shows South Carolina is better prepared for a massive disaster than it was a year ago. The sixth annual “Ready or Not?” report by the Trust for America’s Health says South Carolina …