North Carolina News

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. Waste Haulers Market Detail: ELM Insurance Brokers Inc. offers automobile and general liability coverage for …

Ratings Roundup: Beazley, Westminster, Waco, Alliance Mutual

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Beazley Insurance Company, Inc. (BICI) of Farmington, Conn. with stable outlooks. Best noted that the “ratings reflect the significant …

Safeco, Montgomery Insurance Unveil Southeast Regional Operations

The effects on the Southeast of Liberty Mutual’s acquisition of Safeco Insurance became clearer as the insurer announced its regional line-up of companies and personnel. Montgomery Insurance and Safeco are part of Liberty Mutual Agency Markets, Liberty Mutual Group’s unit …

Former North Carolina TV Anchor Settles Wrongful Death Suit

A former North Carolina television news anchor has reached a settlement in a wrongful-death lawsuit involving the family of a man he ran over and killed while driving drunk. The Winston-Salem Journal reported that the settlement was announced in a …

RJF Agencies’ Fleming Named to Board of Directors for Agents’ Council

Tim Fleming, president of RJF Agencies, has been named to a three-year term on the board of directors of The Council of Insurance Agents & Brokers (CIAB), a trade association representing domestic and international commercial insurance agents and brokers. Fleming …

North Carolina Urged to Reform Beach Plan Before It’s Too Late

Another insurance trade group has joined in urging North Carolina officials to reform the state’s coastal insurance pool before it grows so big it swamps smaller insurance companies. The anticipated growth of the North Carolina Insurance Underwriting Association, commonly known …

North Carolina Still Tallying Costs of Deadly Weekend Tornado

North Carolina Gov. Mike Easley said more than 60 homes were either damaged or destroyed by a fatal tornado in North Carolina over the weekend, but the financial costs still were unclear. Easley met with officials in Kenly after an …

North Carolinians to Review Watauga County Flood Insurance Maps

On Monday, Nov. 24, the residents and business community of Watauga County will be able to review and ask questions about preliminary copies of newly updated flood insurance rate maps for the county which drains into the New and Yadkin …

Hartford, 3 Other Insurers Seek to Buy Thrifts to Obtain Bailout Funds

Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth Financial Inc., Lincoln National Corp. and Aegon …

North Carolina, Florida Join States Lowering Workers’ Comp Rates

North Carolina and Florida have joined the ranks of states where workers’ compensation costs are falling. North Carolina Insurance Commissioner Jim Long approved a North Carolina Rate Bureau filing for a 4.4 percent decrease in the voluntary market and a …