North Carolina News

Massachusetts Jury Orders Tobacco Firm to Pay $71 Million to Family

A jury Tuesday ordered U.S. cigarette maker Lorillard Inc. to pay damages to a dead smoker’s family for allegedly enticing the woman and other black children with free cigarettes given out decades ago. Evans vs Lorillard was the first case …

LaBarre/Oksnee Insurance Acquires N.C. Dundas and Associates

Aliso Viejo, Calif.-based LaBarre/Oksnee Insurance has acquired the N.C. Dundas and Associates, a commercial insurance brokerage firm. The acquisition is part of LaBarre/Oksnee’s larger strategic expansion plans that include additional focus on new market support, and follow the company’s headquarters …

Insurer Covering Baby’s Surgery After Indiana Medicaid Denial

An Indiana infant born with a rare condition that likely would kill him by age 2 will receive a shot at a normal life after an insurance company said it will pay for an experimental procedure that the state’s Medicaid …

People

Aon Corp. reported that Andrew Appel, the firm’s chief operating officer, will be leaving the company at the end of the year. The company said there are no plans to fill the position upon Appel’s departure. Appel has held multiple …

North Carolina Escapes Storms; Will It Escape Florida’s Insurance Woes?

Earlier in 2010, Colorado State’s Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in the Atlantic basin. Of those, four were forecasted to become major hurricanes. On August 29, Tropical Storm Earl was upgraded to …

People

Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and implements strategic programs and best practices at the Austin branch …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …

Travelers to Offer Control of Well Coverage on an Admitted Basis

Travelers is now offering control of well coverage on an admitted basis to upstream oil and gas clients. This coverage will be immediately available on an admitted basis in 25 states, and is expected to be available in most other …

Alabama Gets Its Own Insurance Information Service

Many of Alabama’s personal and commercial lines insurers have established the Alabama Insurance Information Service (AIIS), a not-for-profit, non-lobbying trade association to provide news and information to the public. AIIS is based in Montgomery and plans to work primarily through …

National Premium Finance Association Names Mangia President

Angelo Mangia, president and CEO of Long Island, N.Y.-based Standard Funding, has been elected president of the National Premium Finance Association at its annual meeting in Charlotte, N.C., on Nov. 10. The National Premium Finance Association represents the nation’s largest …