Latest North Carolina Headlines
All the headlines from our North Carolina Topic Page, ordered by recency.
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...
North Carolina Security Firm in Anti-Piracy Meetings in London
Dec 3 2008 // North Carolina-based private security contractor Blackwater Worldwide is meeting with shipping and insurance companies this week to describe what the company can do to protect vessels traveling through the volatile Gulf of...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
New North Carolina Insurance Chief Agrees Beach Plan Needs Help
Dec 1 2008 // North Carolina’s new insurance chief agrees with insurance industry critics that the state’s backup wind insurance pool, known as the Beach Plan, needs shoring up. “I have described our Beach Plan or...
Regulator-Elect
Nov 30 2008 // It’s a select community: only 11 state insurance commissioners are elected rather than appointed. Wayne Goodwin is now one of the 11. He won the Nov. 4 election to be North Carolina’s regulator, succeeding Jim...
A Good Win in North Carolina for Experience
Nov 30 2008 // New Chief Plans a Blog, Statewide Agent Meetings and a Solution for Coastal Property Owners and Insurers On Nov. 4, Democrat Wayne Goodwin won election as North Carolina Insurance Commissioner with 52 percent of the vote,...
Former North Carolina TV Anchor Settles Wrongful Death Suit
Nov 21 2008 // A former North Carolina television news anchor has reached a settlement in a wrongful-death lawsuit involving the family of a man he ran over and killed while driving drunk. The Winston-Salem Journal reported that the...
North Carolina Urged to Reform Beach Plan Before It’s Too Late
Nov 19 2008 // Another insurance trade group has joined in urging North Carolina officials to reform the state’s coastal insurance pool before it grows so big it swamps smaller insurance companies. The anticipated growth of the...
North Carolina Still Tallying Costs of Deadly Weekend Tornado
Nov 19 2008 // North Carolina Gov. Mike Easley said more than 60 homes were either damaged or destroyed by a fatal tornado in North Carolina over the weekend, but the financial costs still were unclear. Easley met with officials in Kenly...
North Carolinians to Review Watauga County Flood Insurance Maps
Nov 18 2008 // On Monday, Nov. 24, the residents and business community of Watauga County will be able to review and ask questions about preliminary copies of newly updated flood insurance rate maps for the county which drains into the...
Goodwin Elected to Succeed Long as North Carolina Commissioner
Nov 16 2008 // Democrat Wayne Goodwin has been elected as North Carolina’s insurance commissioner, winning the race to succeed his boss and long-time commissioner Jim Long. With 96 percent of the precincts reporting, Goodwin had...
People
Nov 16 2008 // The Independent Insurance Agents of North Carolina elected Neil T. Annas as the association’s new president for the 2008 to 2009 term. Annas, president of Granite Insurance Agency Inc. in Granite Falls, N.C., was...
