North Carolina News

60,000 Wawa-Branded Tumblers Recalled Because Their Metal Straws Can Cut Customers

Some 60,000 Wawa-branded beverage tumblers are under recall due to a laceration hazard posed by the products’ metal straw. According to a Thursday notice published by the U.S. Consumer Product Safety Commission, the metal straw inside the now-recalled tumblers can …

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community and …

Investigation Started into Plane Crash That Killed Several People in North Carolina

MANTEO, N.C. (AP) — Federal authorities were investigating this week after multiple people died when a single-engine plane crashed Saturday afternoon in a wooded area at Wright Brothers National Memorial’s First Flight Airport, the National Park Service said. The crash …

Lindberg Owes Penalties for Failing to Report Foreign Accounts, IRS Says in New Filing

The legal and financial troubles for former North Carolina insurance executive Greg Lindberg have not gone away after he won a new trial on bribery charges. This week, the U.S. Treasury filed a complaint in federal court, charging that Lindberg …

North Carolina Rate Bureau Wants 43% Hike in Dwelling Rates for 2023-24

The North Carolina Rate Bureau has recommended a statewide average increase of 42.6% over the next two years for dwelling property policies. The rate hikes would be an average of 19.6% for April 2023 and 19.2% for 2024, the bureau’s …

SURE Expands Offerings in Storm-Prone North Carolina

SURE, a member-owned insurance company for coastal homeowners, has expanded to North Carolina, a market that continues to harden. The coverage will be underwritten by SageSure, the managing general underwriter for SURE, the company said in a news release. SURE …

Report: Previously Flooded Carolina Homes Pose Risk to Buyers

A new Natural Resources Defense Council report exposes potential hidden costs associated with purchasing a single-family home with a flood history in North Carolina. According to the report, “Estimating Undisclosed Flood Risk in Real Estate Transactions,” these costs can add …

Slump in Auto Sales Leads to Outlook Downgrade for Discovery Insurance in Carolina

AM Best financial rating service announced it has downgraded the outlook for North Carolina-based Discovery Insurance Co., from stable to negative after a decline in the non-standard auto insurer’s earnings and surplus. “This decline is due primarily to deteriorating underwriting …

North Carolina Judge Orders Lindberg to Give Up Control of Firms to Repay Insurers

A North Carolina court has ordered jailed insurance and business entrepreneur Greg Lindberg to relinquish control of hundreds of his firms in a plan to salvage four of his insurance companies. The judge in Wake County found that Lindberg committed …

Historic Black Town in Carolina One Hurricane Away from Disaster

As she exits her hometown’s only restaurant clutching an order of cabbage and hush puppies, Carolyn Suggs Bandy pauses to boast about a place that stakes its claim as the oldest town chartered by Black Americans nearly 140 years ago. …