Latest North Carolina Headlines
All the headlines from our North Carolina Topic Page, ordered by recency.
Stewart Joins Insurance Federation of N.C.
Jan 31 2005 // Joe Stewart, an employee of the North Carolina State Treasurer’s office, has resigned to become executive director of the newly-formed Insurance Federation of North Carolina. Stewart has been a long-standing...
Bid-rigging Investigations Continue in North Carolina
Jan 24 2005 // Investigators have been assigned by Commissioner Jim Long of the North Carolina Department of Insurance Commissioner to take a closer look at possible bid-rigging by insurance companies and brokers. Last October the...
State Capital Assigned ‘R’
Jan 24 2005 // Standard & Poor’s Ratings Services assigned its ‘R’ financial strength rating to State Capital Insurance Co. An insurer rated ‘R’ is under regulatory supervision, owing to its financial...
S.C. LAWSUIT CLAIMS HIX INSURANCE MISLED N.C. CUSTOMERS:
Jan 24 2005 // A class-action lawsuit filed in North Carolina’s Guilford Superior Court claims that Hix Insurance of Greensboro, S.C., misled thousands of North Carolina customers, especially Latinos, into unknowingly buying motor...
Price-Fixing Scheme Investigated in N.C.
Jan 19 2005 // North Carolina state insurance regulators are investigating whether as many as 10 insurance companies conspired in a price-fixing scheme. The Insurance Department is examining the companies after contacting about 1,400...
N.C. GOV. APPROVES $90M FOR HURRICANE RELIEF:
Jan 3 2005 // North Carolina Gov. Mike Easley approved a request from the Western Recovery Task Force to provide assistance to local governments affected by six storms that inflicted heavy losses in North Carolina last fall. In response...
Melting Snow, Ice Increase Claims in Ohio, Kentucky, North Carolina
Dec 30 2004 // The Kentucky Insurance Commission estimates damages of from $400,000 to $500,000 in losses due to last week’s winter storms and warmer temperatures this week. An unusual amount of snow and ice, high winds and...
Class-Action Lawsuit Claims Hix Insurance Misled N.C. Customers
Dec 28 2004 // A class-action lawsuit has been filed in North Carolina’s Guilford Superior Court claiming that Hix Insurance of Greensboro has misled thousands of its North Carolina customers, especially Latinos, into unknowingly...
Tenn. Commissioner Says Multi-State UnumProvident Settlement Signed
Dec 21 2004 // At least 40 states have ratified landmark multi-state settlement agreements involving three major disability insurance carriers owned by UnumProvident Corp. of Chattanooga, Tenn., insurance regulators announced...
Report: Fla., N.C. Had Best Scores in Bioterrorism Preparedness Assessment
Dec 16 2004 // Florida and North Carolina scored highest in a report “Protecting the Public’s Health in the Age of Bioterrorism,” released by the Trust for America’s Health. The group measured 10 indicators to...
Former N.C. DoT Employee Sentenced for Disability Claims Fraud
Dec 10 2004 // Denise Hargrove of Raleigh, N.C. has been sentenced to from four to five-and-a-half years in prison and one year of probation for insurance fraud. Hargrove, a former Department of Transportation employee, admitted she...
AmWINS Acquires N.C. Quaker Special Risk
Dec 8 2004 // Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), a large independent wholesaler, has acquired the southeast office of Quaker Special Risk. AmWINS provides retail agents with insurance services, from...
N.C. HOMEOWNERS DISPUTE CLAIM DENIAL, HIRE LAWYERS:
Dec 6 2004 // Six residents in Peeks Creek, N.C., where four people died in what is suspected to be a Hurricane Ivan-triggered landslide, have hired lawyers to represent them after being denied insurance claims. Fifteen houses were...
First Charter Corp. Adds Smith & Assoc. Insurance to N.C. Acquisitions
Dec 3 2004 // Smith and Associates Insurance Services Inc. of Charlotte, N.C., an independent property casualty agency that specializes in middle market commercial accounts has been acquired by First Charter Corp. (FCC), a large...
N.C. HAS 8TH LOWEST AUTO RATES IN U.S.:
Nov 22 2004 // A National Association of Insurance Commissioners report comparing auto insurance rates in all 50 states and the District of Columbia found that North Carolina ranks eighth in the nation for the lowest rates. This is an...
Six N.C. Homeowners Dispute Denial of Hurricane Ivan Damage Claims
Nov 19 2004 // Six residents in Peeks Creek, N.C. where four people died in a Hurricane Ivan-triggered landslide have hired lawyers to represent them after being denied insurance claims. Fifteen houses were damaged or destroyed in Peeks...
N.C. RESIDENTS RECEIVE MORE THAN $8.5 MILLION IN DISASTER AID:
Nov 8 2004 // Officials of the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and the North Carolina Department of Crime Control and Public Safety’s Division of Emergency Management (CCPS-DEM)...
N.C. Requires Certified Statements on Bid Rigging:
Nov 8 2004 // A “demand to produce information” has been issued by the North Carolina Department of Insurance in an effort to closely scrutinize the records and practices of more than 5,000 insurance companies and brokers...
People & Places
Nov 8 2004 // In Asheville, N.C., Don Evans, president, and Bob Bird, CEO, honored outstanding Independent Insurance Agents of North Carolina members with Lifetime Achievement, Company Professional of the Year, Agent of the Year, and...
Two United Health Care Companies Agree to $1.1M Settlement with N.C.
Nov 4 2004 // North Carolina Insurance Commissioner Jim Long today announced a voluntary settlement agreement between the North Carolina Department of Insurance (NCDOI) and two companies, UnitedHealthcare of North Carolina Inc. (an HMO)...
