Latest North Carolina Headlines

Jul 5 2010 // 77.2% In most hurricane-prone states, homeowners have few choices for insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...

4 in North Carolina Arrested on Auto Insurance Fraud Charges

Jul 1 2010 // Four people have been arrested in North Carolina for their alleged involvement in a series of automobile insurance fraud schemes worth more than $9,000, according to state officials. Insurance Commissioner Wayne Goodwin...

North Carolina to Issue Temporary Pyrotechnic Licenses for July 4th

Jun 28 2010 // North Carolina will issue temporary one-time pyrotechnic licenses to operators instead of the new standard three-year licenses to meet high demand around the July 4th holiday. The Legislature quickly passed and the...

Homeowners Offered Few Insurance Choices in Hurricane States

Jun 28 2010 // In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...

North Carolina Increases Home Insurance Discounts for Stormproofing

Jun 24 2010 // North Carolina coastal homeowners will soon be entitled to bigger breaks on their insurance premiums for taking steps to protect their homes against storms. Insurance Commissioner Wayne Goodwin has ordered a schedule of...

North Carolina Might Ease Fireworks Safety Law for July 4th

Jun 18 2010 // A state law passed after the July 4 blast on Ocracoke Island that killed four fireworks handlers mandated safety training for those who prepare the displays, but some warn the rule could limit fireworks shows this...

Bill Would Lift North Carolina’s Oil Spill Liability Cap

Jun 14 2010 // North Carolina’s current cap for monetary damages it could receive from oil spills would be eliminated in legislation approved last week by a House committee in response to the BP disaster in the Gulf of...

North Carolina Insurers Oppose Change to Negligence Standard

Jun 7 2010 // North Carolina property and liability insurers are taking their case to the public to impede an effort in the Legislature to change how monetary awards are determined in negligence cases. The Insurance Federation of North...

Smart Choice Agency Market Program Expands to 6 More States

May 27 2010 // The North Carolina-based Smart Choice Agents Program, which says it currently provides personal and commercial lines markets for some 3,000 independent agencies in 32 states, is expanding into six additional states. The...

North Carolina Woman Charged with Embezzling Insurance Premiums

May 21 2010 // North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Vickie Bowman of Taylorsville on seven counts embezzlement. According to the arrest warrants, Bowman failed to remit a total of $7,958.01 in...

Safety Grate Rule May Close North Carolina Pools

May 21 2010 // A federal safety law has led some North Carolina counties to close their public pools and could keep hundreds more from opening this summer. The News & Observer of Raleigh reported that state officials are enforcing...

Bid to Create North Carolina Rate Commission Fails

May 20 2010 // Senators have removed a North Carolina budget proposal provision that sought to shift decisions on insurance rates to the hands of a seven-member board. The Senate Appropriations Committee voted to delete lines that would...

North Carolina Weighs Storm Mitigation Credit Proposal by Homeowners Insurers

May 17 2010 // Insurers in North Carolina are preparing to offer premium credits to homeowners who implement storm mitigation improvements. On behalf of insurers, the North Carolina Rate Bureau has filed a proposal with the Department of...

North Carolina Insurers Running Ads Opposing Change to Negligence Standard

May 13 2010 // North Carolina property and liability insurers are taking their case to the public to impede an effort in the Legislature to change how monetary awards are determined when somebody gets hit by a car while crossing the...

North Carolina Wind Pool Gets Extra Protection with $305M Cat Bond

May 11 2010 // North Carolina’s insurance pool for coastal properties now has an extra financial cushion in case a major hurricane strikes. Risk specialist Guy Carpenter & Co., LLC, and GC Securities, announced the completion...

North Carolina Rate Bureau Proposes Credits for Storm-Proofing Homes

May 7 2010 // The North Carolina Rate Bureau has filed a proposal with the North Carolina Department of Insurance to provide homeowners insurance credits for implementing certain property protection measures, including several based on...

Main Street America Expands Product Lines To Grain Dealers Mutual Agents

May 4 2010 // The Main Street America Group has introduced its products to nearly 200 independent agents who represent new affiliate Grain Dealers Mutual Insurance Co. throughout North Carolina, Virginia and Tennessee. Specifically,...

North Carolina Begins $50 Million in Auto Insurance Refunds This Week

May 4 2010 // This week begins the first phase of a process that will see about 1 million North Carolina policyholders begin to receive refund checks from their auto insurance companies totaling more than $50 million. The refund...

Who’s In the Path of 2010 Hurricane Season?

May 3 2010 // The North Atlantic hurricane season begins June 1 and lasts through November 30. Facts from the U.S. Census Bureau highlight the number of people living in areas that could be most affected by these dramatic acts of...

North Carolina Officials Investigating Series of House Fires

Apr 26 2010 // Investigators say someone set two homes on fire in a North Carolina neighborhood near four previous cases of arson. WCNC-TV reported that the fires set Friday damaged two Charlotte homes that were vacant and the power to...