North Carolina

• AIG May Pursue Fraud Case Against BofA over Countrywide

  By Jonathan Stempel, Reuters  |  May 7, 2013

  American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.

• Persistant Drought Sparks Concern About 2013 Wildfire Season

  By Christina Bramlet, PropertyCasualty360.com  |  May 1, 2013

  On the heels of a dry winter, experts worry the impending wildfire season could echo last year’s devastation, during which 9.2 million acres burned.

• BB&T Revenues Up 35% in Q1; WellsFargo Insurance Services Down 11%

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 24, 2013

  Two major bank-owned insurance brokers reported mixed first-quarter results.

• Bank-owned Brokerages Report Mixed Q1 Results

  By Mark E. Ruquet, PropertyCasualty360  |  April 24, 2013

  Two bank-owned insurance brokers reported mixed first quarter results, with BB&T increasing revenues by 35 percent and Wells Fargo experiencing an 11 percent decline.

• New Hires and Promotions at OneBeacon and Vertafore - Around the Industry

  By Staff Writer  |  April 23, 2013

  M&A activity at the Hilb Group and Atlas. The ACE Group, Ryan Specialty Group, MSO and K&K Insurance group unveil new programs.

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  NJ, NY Insurers Settle 93% of Superstorm Sandy Claims

  By Arthur D. Postal, PropertyCasualty360.com  |  April 22, 2013

  Superstorm Sandy is now the third costliest storm in U.S. history, the Insurance Information Institute says.

• Munich Re Sells $500M Bond to Protect North Carolina

  By Sarah Mortimer, Reuters  |  April 17, 2013

  Munich Re has sold a $500 million catastrophe bond to protect two North Carolina underwriting associations against hurricane losses, as insurers increasingly choose to cover risks with bonds rather than buying traditional reinsurance.

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  Explosions Reported Near Boston Marathon Finish Line

  By Jimmy Golen, Associated Press  |  April 15, 2013

  Two explosions shattered the euphoria of the Boston Marathon finish line on Monday, sending authorities out on the course to carry off the injured while runners were rerouted away from the smoking site of the blasts.

• New Hires and Promotions at Allied World - Around the Industry

  By Staff Writer  |  April 12, 2013

  M&A activity at Keystone Insurers Group. American Modern Insurance Group, Hanover, Momentous and IronHealth launch new programs, and The Institutes releases new course information.

• Experts Predict A Smoke-Filled 2013 Wildfire Season

  By Christina Bramlet, PropertyCasualty360.com  |  April 4, 2013

  It's still early, but experts are predicting an active wildfire season, especially in parched Colorado, Utah, Arizona, New Mexico and California.

• MBIA Cleared to Pursue Fraud Case Against BofA's Countrywide

  By Karen Freifeld, Reuters, Jonathan Stempel, Reuters  |  April 3, 2013

  A New York state appeals court on Tuesday cleared the way for bond insurer MBIA Inc to pursue a fraud lawsuit against Bank of America Corp over toxic mortgage securities.

• IQ: Feds Uncover $100M Crop Fraud Ring

  By Industry IQ  |  April 1, 2013

  The scheme involves dozens of agents, claims adjusters, brokers and farmers.

• Reader Letters

  By Staff Writer  |  April 1, 2013

  Letters about the Downton Abbey slideshow, Princess Bride lessons and insurers' disconnection.

• From e-Cards to Cats

  By Jeffrey Brewer  |  April 1, 2013

  States are modernizing auto insurance, addressing natural catastrophe issues

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  Top 3 and Bottom 3 Most Expensive U.S. States for Car Insurance

  By Caterina Pontoriero, PropertyCasualty360.com  |  March 21, 2013

  In 2012, the least expensive average annual car insurance premium by state was $934—and the most expensive was $2,699! Click to see the top 3 and bottom 3 most expensive states for car insurance.

• Feds Uncover Biggest Crop Fraud Ring in the Country

  By Staff Writer, Associated Press  |  March 12, 2013

  Dozens of agents, adjusters, brokers and farms charged with jail time and restitution in costly $100 million scheme