Latest North Carolina Headlines
All the headlines from our North Carolina Topic Page, ordered by recency.
Long Negotiates Auto Rate Settlement in N.C.
Apr 4 2003 // North Carolina Insurance Commissioner Jim Long announced a settlement in the 2003 auto insurance rate case that could save consumers nearly $500 million in premiums from current rates. The agreement, reached between the...
The Seibels Bruce Group Reports Lower Profit in 4Q 2002
Mar 31 2003 // South Carolina’s The Seibels Bruce Group Inc., announced financial results for the fourth quarter and year that ended December 31, 2002, reporting it posted a net profit of $805 thousand, or $0.09 per share (basic...
Medical Justice Introduces Countersuit Malpractice Policies in N.C.
Mar 19 2003 // Medical Justice™ Corporation announced it is partnering with local insurance brokers in North Carolina and Ohio, as well as the Florida Medical Association, to protect physicians from frivolous malpractice cases with its...
State National’s Specialty and SNIC Affiliates Expand
Nov 8 2002 // Fort Worth-based State National Companies announced two of its affiliates have been awarded state authorizations to write multiple lines of insurance. Rhode Island granted an authorization to State National Specialty...
N.C. Rate Bureau Appeals Commissioner’s Order
Nov 6 2002 // The North Carolina Rate Bureau (NCRB)’s recent announcement that it is filing an appeal with the North Carolina courts to overturn Insurance Commissioner Jim Long’s order for auto rate reductions is necessary...
Higher Auto Rates for N.C.
Nov 5 2002 // Drivers in North Carolina can expect higher rates for auto insurance even though the North Carolina Department of Insurance recently ordered a 17.8 percent decrease in rates. However, according to the Charlotte Observer,...
N.C. Residents Arrested in Fraud Case
Nov 4 2002 // North Carolina Insurance Commissioner Jim Long and Wilkes County Sheriff Dane Mastin announced that Darryl Edward Billings and Jennifer Lyn Billings of North Wilkesboro were arrested recently on charges of Obtaining...
Pollard Elected NAII Chairman
Oct 31 2002 // William Pollard, executive vice president and general manager of the North Carolina Farm Bureau Mutual Insurance Company was elected chairman of the Board of Governors of the National Association of Independent Insurers...
N.C. Coastal Bill Seeks Balance on Insurance Rates
Oct 8 2002 // The latest version of a coastal insurance bill requires that the North Carolina Beach Plan provide a homeowners policy with rates that are not “inadequate, excessive or unfairly discriminatory,” and which must...
N.C. Agency is 1000th SIAA Member
Sep 12 2002 // SIAA announced that the Younts Insurance Agency of Lexington, N.C. became the organization’s 1000th Independent Strategic Member when the agency joined the SIA of North Carolina network. Younts Insurance was started...
N.C. Sentences Pair for Alleged Embezzlement
Sep 10 2002 // In separate cases, courts in North Carolina convicted two women for alleged embezzlement and insurance fraud. According to the North Carolina Department of Insurance, Hillsborough resident Linda Kay Fleshman, formerly a...
Demotech Rates Seibels Bruce’s Universal Insurance Company
Aug 28 2002 // The Seibels Bruce Group Inc., based in Columbia, S.C., announced that its subsidiary Universal Insurance Company (UIC) has received a 2002 Financial Stability Rating of “A” (Exceptional) from Columbus,...
The Seibels Bruce Group Notes 2ndQ Profit 2002
Aug 13 2002 // South Carolina-based The Seibels Bruce Group Inc., posted a net profit of $1.0 million, or $0.11 per share (basic and diluted) in the second quarter This is compared with a net profit of $1.1 million, or $0.13 per share...
NAII Says N.C. Bills Harmful to Inland Policyholders
Jun 27 2002 // Two bills backed by the North Carolina Department of Insurance that would launch a reinsurance facility for coastal homeowners’ insurance would instead create a subsidy system in which inland policyholders will pay...
NAII Board of Governors Elect GEICO’s Nicely Chairman
Nov 8 2001 // Tony Nicely, chairman, president and CEO of GEICO, was elected chairman of the National Association of Independent Insurers board of governors on Nov. 7 during the association’s annual meeting in New Orleans. Nicely...
IIAA Announces 2002 National Executive Committee
Nov 2 2001 // The Independent Insurance Agents of America (IIAA) confirmed Thomas B. Ahart, as president; installed W. Cloyce Anders and Louise “Bebe” Canter to key executive leadership positions and added Alex Soto, ARM,...
