North Carolina News

New Leaders Join Professional Insurance Agents of Florida

Angelo Ganguzza, vice president of Boca Raton, Fla.-based LIG Insurance Agency and Kimberly “Kim” Langston Gray, managing partner of Langston Insurance Agency in central Florida, accepted election to the Professional Insurance Agents of Florida board of directors. Ganguzza started his …

Feds Laud Firefighters in North Carolina Chemical Fire

The response by Apex, N.C. firefighters was skillful and professional when a chemical plant fire erupted in 2006, but the town needs to make some improvements, a federal report said. The report issued on Oct. 7 by the U.S. Fire …

Citi, Wells Fargo Extend Cease-Fire Over Wachovia Deal

Citigroup Inc. and Wells Fargo & Co. agreed to extend their legal standstill for two more days as they scrambled to come to a deal that could see them divvy up troubled regional lender Wachovia Corp. Citigroup, Wells Fargo, and …

Donegal Insurance Reports 3Q to Reflect Hurricane, Securities Events

Marietta, Pennsylvania-based Donegal Group Inc. reported that its net income for the third quarter of 2008 will reflect realized investment losses related to its equity securities and claim activity resulting from Hurricane Ike in Ohio and western Pennsylvania on September …

Cap Reduces $1.85M Jury Award in Maryland Discrimination Suit

A Salisbury, Maryland woman who was awarded $1.85 million after she was fired by a pesticide company will see only $300,000 of that. That’s because of a limit on damages in federal employment discrimination cases. A jury found in favor …

People

National insurance program administrator Venture Insurance Programs named Michael DeMarco executive vice president for its Preferred Club Program. He will be responsible for the overall success of the insurance program for golf and country clubs nationwide. Prior to his position …

People

National insurance program administrator Venture Insurance Programs named Michael DeMarco executive vice president for its Preferred Club Program. He will be responsible for the overall success of the insurance program for golf and country clubs nationwide. Prior to his position …

In Case of North Carolina Agent Charged with Murder, Autopsy is Inconclusive

An autopsy says the body of a North Carolina insurance investigator that was found in South Carolina in May was so badly decomposed that medical examiners can’t determine how she died. The autopsy report released Sept. 19 said the body …

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. Entertainment Specialists Market Detail: L.A.Xcess Insurance Brokers Inc. offers a market for entertainment and live …

Southwest Risk Expands into Florida and Carolinas

Dallas,Texas-based Southwest Risk LP, a privately held wholesale broker, is expanding its CORE facilities to Florida, South Carolina and North Carolina. These facilities provide property, general liability and umbrella liability coverages for habitational real estate exposures including apartments, condominiums, townhomes, …