North Carolina News

Insurer Ordered to Pay in North Carolina Parasailing Deaths

An insurance company has been ordered to finish paying $100,000 in the 2009 deaths of two women who were parasailing in Ocean Isle Beach. The StarNews of Wilmington reported that the president of Marine Specialty Management, Craig Reynolds, had been …

N.C. Authorities Announce Arrests for Alleged Insurance Fraud Schemes

North Carolina Insurance Commissioner Wayne Goodwin this week announced the arrest of Shacoria Vontravia Crawford, 24, of Charlotte, N.C. She is charged with one count each of insurance fraud, conspiracy to commit insurance fraud and making a false report to …

North Carolina Agent Arrested, Charged With Insurance Fraud

North Carolina regulators announced this week that a local insurance agent was arrested and charged with one felony count of obtaining property by false pretense.Department of Insurance criminal investigators allege that James Donald Williams of Statesville, N.C., while working as …

North Carolina Woman Arrested for Alleged Insurance Fraud

North Carolina insurance department announced last week the arrest of Debra Gail Hodges, 41, of 5009 Inverness Drive, Fayetteville; she is charged with one count each of insurance fraud, attempted insurance fraud, obtaining property by false pretense, and attempting to …

K2 Acquires Majority Stake in Midwestern

San Diego, Calif.-based managing general agent K2 Insurance Services LLC has acquired a majority stake in Midwestern Insurance Alliance Inc., an MGA based in Louisville, Ky. that underwrites workers’ compensation coverage with a focus on transportation. Terms of the deal …

North Carolina Officials: Increased Fire Insurance Premiums Due to GPS

Some North Carolina homeowners are seeing premium increases this year due to a fire rating change. And North Carolina officials say those increases in insurance premiums stem from the use of technology by insurers and not a change in public …

North Carolina Wins Delay on Medical Loss Ratio

Federal regulators last week allowed North Carolina insurers a one-year delay in meeting a benchmark requiring that more of each health insurance premium dollar to go toward medical services and less toward overhead and bonuses. The decision by the U.S. …

Northern California-based ISU Network Expands In Three States

The San Francisco, Calif.-based ISU Network on Thursday announced expansions in three states, North Carolina, Maryland and North Dakota. ISU’s North Carolina additions are: H. B. Cantrell & Co., O’Connor Insurance Agency, Wes Connor Agency, Twin City Insurance Agency and …

Veteran Gambled and Won in Starting Own Agency

A recent study from the Small Business Administration suggests there is a strong correlation between self-employment and past military experience. Veterans are at least 45 percent more likely to start their own businesses than those without military background, according to …

2 North Carolina Counties Near U.S. Top in Pay Growth

Times may be tough, but new data show the average worker in six of North Carolina’s largest counties got a pay raise greater than inflation last year. The U.S. Bureau of Economic Analysis says average annual compensation rose 4.6 percent …