North Carolina News

Atlantic Casualty Names New Vice President of Claims

The Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group, has tapped Lawrence F. (Larry) McAuliffe to serve as the North Carolina-based company’s new vice president of claims. McAuliffe replaces outgoing vice president Frank Fleischman, who is retiring. …

All Risk Promotes Robbins to North Carolina Branch Manager

Wholesale insurance brokerage firm All Risks, Ltd. has promoted Lora Robbins to branch sales leader in the Charlotte, N.C. office. Robbins first joined the firm in 2006. All Risks, Ltd. based in Hunt Valley, Maryland. The 46 year-old firm employs …

Workplace Deaths Rise in North Carolina; Overall Injury Rate Drops

There were 48 fatal workplace accidents in North Carolina in 2010, a tally that is up from 34 in the previous year but below the five-year average of 53.2. At the same time, the state’s overall injury and illness rate …

NCA Group Acquires T.M. Mayfield & Co.

Indianapolis, Ind.-based property loss adjusting and claims management services provider National Catastrophe Adjusters Inc. announced that it has acquired T.M. Mayfield & Co. of North Carolina. The addition of T.M. Mayfield significantly expands NCA Group’s commercial loss adjusting capabilities and …

Dukes Named Tennessee VP for Keystone Insurers

Doug Dukes has been named state vice president of Tennessee for Keystone Insurers Group. Dukes will manage Keystone’s expansion into Tennessee, slated to occur this month. Dukes most recently served as field and marketing representative for The Cincinnati Insurance Companies. …

North Carolina Insurers Seek Rate Hike on Dwelling Fire Policies

North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect about 570,000 policyholders, with …

Top Workers’ Compensation News in 2010

Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information Institute, …

North Carolina Jeweler Loses Bet Against a White Christmas

A North Carolina jewelry store owner made a $400,000 bet against a white Christmas — and lost. Alan Perry, owner of Perry’s Emporium in Wilmington, promised refunds for everything bought at his store between Nov. 26 and Dec. 11 if …

North Carolina Principal Gets Workers’ Compensation After Shooting

A North Carolina middle school principal who blames his April 2009 shooting on his fight against gangs will receive workers’ compensation for his injuries. The Fayetteville Observer reported that the state Industrial Commission official ruled in favor of former Robeson …

AIG, Chartis Sign $4.3 Billion Credit Agreements

Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged. AIG’s shares closed up 9.3 percent, or $5.05, to $59.38 on the …