Latest North Carolina Headlines
All the headlines from our North Carolina Topic Page, ordered by recency.
Declarations
Jan 25 2009 // Political Citizens “We probably would have hoped they would have gone further than they did but these are very substantive recommendations and given the politics, these are tough issues.” —Sam Miller, chief...
North Carolina Urged to Reduce Beach Plan Coverage, Cap Insurers’ Liability
Jan 23 2009 // North Carolina’s state-sanctioned property insurance program at the coast should reduce its maximum property policy coverage to relieve its potential liability in a massive hurricane, a legislative study committee...
Bankers Insurance Moves into North Carolina, Acquiring HVWM Group
Jan 22 2009 // Bankers Insurance, LLC has acquired the Hutton Vincent Williamson McLean Insurance Group (HVWM) based in Asheville, N.C. HVWM is one of the oldest and largest independent agencies in western North Carolina. This purchase...
North Carolina Considers Capping Insurers’ Liability for Beach Plan Costs
Jan 22 2009 // A legislative committee looking at how to cover insurance claims after a big hurricane in North Carolina may recommend a cap on how much private insurers would be forced to pay. The study panel scheduled its final meeting...
Kellogg Recalls 16 Products Due to Salmonella Risk
Jan 20 2009 // Kellogg Co. has recalled 16 products containing peanut butter due to possible salmonella contamination, adding new urgency to the nationwide outbreak as federal officials confirmed contamination at a Georgia facility that...
North Carolina Joins National Fire Emergency Declaration
Jan 16 2009 // North Carolina Insurance Commissioner Wayne Goodwin, who also serves as the state fire marshal, joined national officials in declaring a fire emergency across his state. The National Association of State Fire Marshals...
North Carolina Workplace Fatalities Rise as Economy Slows
Jan 13 2009 // Workplace deaths in North Carolina rose in 2008 after three years of declines, and officials worry that the nation’s sagging economy is partly to blame. Preliminary data provided by the North Carolina Department of...
North Carolina Auto Rate Hike In Escrow Until Court Rules
Jan 11 2009 // Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents...
North Carolina Agrees to 4% Home Rate Hike
Jan 11 2009 // North Carolina Insurance Commissioner Jim Long has agreed to permit homeowners insurance companies to hike their rates an overall statewide average of 4.05 percent beginning May 1. This is below the statewide increase than...
Construction Insurance Brokers Say Building Backlog is Saving Commercial Sector… For Now
Jan 11 2009 // But Challenges Could Lie Ahead in 2009 Even With Government Stimulus Package Commercial construction insurance brokers from the northeast to the west coast, from Texas all the way to North Carolina, say the market and...
North Carolina Commissioner’s in Select Company
Jan 6 2009 // It’s a select community. Only 11 state insurance commissioners across the country are elected rather than appointed. Wayne Goodwin is now one of the 11. He won the Nov. 4 election to succeed Jim Long, who first won...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
North Carolina Auto Insurance Rate Hike In Escrow Until Court Rules
Dec 29 2008 // Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents...
North Carolina Insurance Agent Arrested on Embezzlement Charges
Dec 23 2008 // North Carolina Insurance Commissioner Jim Long reports that Kenneth Rick Morrow of Marion, a licensed insurance agent, was arrested last week and charged with nine counts of embezzlement, nine counts of obtaining property...
CRC Insurance to Acquire North Carolina-Based TAPCO Underwriters
Dec 19 2008 // CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., reports that it plans to acquire TAPCO Underwriters Inc. TAPCO will operate as a...
North Carolina Agrees to 4% Home Insurance Rate Hike
Dec 18 2008 // North Carolina Insurance Commissioner Jim Long today signed a settlement agreement with homeowners insurance companies allowing an overall statewide average increase of 4.05 percent in rates beginning May 1. This is below...
90 Year Old Driving Instructor in North Carolina Holds Last Class
Dec 12 2008 // Cars change. Roads change. So do drivers. Dick Conover of Emerald Isle spent more than 20 years helping drivers 55 and older recognize and adjust to these changes. He retired in early December as an instructor of...
Encompass Insurance Stops Writing North Carolina Home Insurance
Dec 10 2008 // An insurance company linked to Allstate says it won’t write new homeowner and dwelling fire policies in North Carolina over concerns about a state-sanctioned program for coastal insurance. Encompass Insurance told...
North Carolina Blue Cross Drops Co-Pays to Encourage Generic Drugs
Dec 9 2008 // North Carolina’s largest health insurance company is providing free generic prescription drugs to about 1 million members. The News & Observer of Raleigh reported Monday that Blue Cross and Blue Shield plans to...
North Carolina Insurers Seeks 19.5% Statewide Home Insurance Rate Hike
Dec 5 2008 // North Carolina homeowners insurers are seeking an average 19.5 percent statewide rate hike which, if approved, would be the first rate hike since 2006. The proposal, being finalized this week by the North Carolina Rate...
