Indianapolis, Ind.-based property loss adjusting and claims management services provider National Catastrophe Adjusters Inc. announced that it has acquired T.M. Mayfield & Co. of North Carolina. The addition of T.M. Mayfield significantly expands NCA Group’s commercial loss adjusting capabilities and …
Doug Dukes has been named state vice president of Tennessee for Keystone Insurers Group. Dukes will manage Keystone’s expansion into Tennessee, slated to occur this month. Dukes most recently served as field and marketing representative for The Cincinnati Insurance Companies. …
North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect about 570,000 policyholders, with …
Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information Institute, …
A North Carolina jewelry store owner made a $400,000 bet against a white Christmas — and lost. Alan Perry, owner of Perry’s Emporium in Wilmington, promised refunds for everything bought at his store between Nov. 26 and Dec. 11 if …
A North Carolina middle school principal who blames his April 2009 shooting on his fight against gangs will receive workers’ compensation for his injuries. The Fayetteville Observer reported that the state Industrial Commission official ruled in favor of former Robeson …
Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged. AIG’s shares closed up 9.3 percent, or $5.05, to $59.38 on the …
Allstate Corp. has sued Bank of America Corp., its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from Countrywide. Allstate, the largest publicly traded U.S. home …
The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of BP’s Macondo well while …
Accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers’ financial problems, in the first major government legal action stemming from the Wall Street company’s 2008 downfall. The civil fraud case …
