Latest North Carolina Headlines
All the headlines from our North Carolina Topic Page, ordered by recency.
N.C. DOI Scrutinizing Rate Bureau’s Request to Increase Auto Premiums
Feb 7 2005 // The request by the North Carolina Rate Bureau to increase auto insurance rates in North Carolina is being closely scrutinized by the North Carolina Department of Insurance according to Chrissy Pearson, a DOI...
N.C. Price-Fixing Investigated
Feb 7 2005 // North Carolina insurance regulators, under the direction of Insurance Commissioner Jim Long are investigating as many as 10 insurance companies to determine if they conspired in a price-fixing scheme. The Insurance...
N.C. Regulators Want Bite of State Farm’s ‘Jumbo CDs’
Feb 3 2005 // The State Farm Insurance Bank is embroiled in a turf war which pits North Carolina regulators and the federal Office of Thrift Supervision to determine who has jurisdiction over State Farm’s sale of $100,000-plus...
North Carolina Senate Considering Bill to Cap Med-Mal Jury Awards
Feb 3 2005 // Despite the defeat of a similar bill two years ago in Raleigh, N.C., the Senate is again considering legislation to cap jury awards in medical malpractice lawsuits. Sen. Robert Pittenger, R-Mecklenburg, a cap proponent,...
N.C. Gov. Easley Suggest Using ‘Rainy Day Fund’ for Hurricane Relief
Feb 3 2005 // With damage estimates after last year’s hurricanes approaching $300 million, North Carolina Gov. Mike Easley has asked legislators to approve spending $61 million from the state’s rainy day fund to assist...
N.C. Rate Bureau Asks Insurance Commission for 11.5 Percent Auto Premium Increase
Feb 3 2005 // The North Carolina Department of Insurance has expressed doubts about new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates....
Stewart Joins Insurance Federation of N.C.
Jan 31 2005 // Joe Stewart, an employee of the North Carolina State Treasurer’s office, has resigned to become executive director of the newly-formed Insurance Federation of North Carolina. Stewart has been a long-standing...
Bid-rigging Investigations Continue in North Carolina
Jan 24 2005 // Investigators have been assigned by Commissioner Jim Long of the North Carolina Department of Insurance Commissioner to take a closer look at possible bid-rigging by insurance companies and brokers. Last October the...
State Capital Assigned ‘R’
Jan 24 2005 // Standard & Poor’s Ratings Services assigned its ‘R’ financial strength rating to State Capital Insurance Co. An insurer rated ‘R’ is under regulatory supervision, owing to its financial...
S.C. LAWSUIT CLAIMS HIX INSURANCE MISLED N.C. CUSTOMERS:
Jan 24 2005 // A class-action lawsuit filed in North Carolina’s Guilford Superior Court claims that Hix Insurance of Greensboro, S.C., misled thousands of North Carolina customers, especially Latinos, into unknowingly buying motor...
Price-Fixing Scheme Investigated in N.C.
Jan 19 2005 // North Carolina state insurance regulators are investigating whether as many as 10 insurance companies conspired in a price-fixing scheme. The Insurance Department is examining the companies after contacting about 1,400...
N.C. GOV. APPROVES $90M FOR HURRICANE RELIEF:
Jan 3 2005 // North Carolina Gov. Mike Easley approved a request from the Western Recovery Task Force to provide assistance to local governments affected by six storms that inflicted heavy losses in North Carolina last fall. In response...
Melting Snow, Ice Increase Claims in Ohio, Kentucky, North Carolina
Dec 30 2004 // The Kentucky Insurance Commission estimates damages of from $400,000 to $500,000 in losses due to last week’s winter storms and warmer temperatures this week. An unusual amount of snow and ice, high winds and...
Class-Action Lawsuit Claims Hix Insurance Misled N.C. Customers
Dec 28 2004 // A class-action lawsuit has been filed in North Carolina’s Guilford Superior Court claiming that Hix Insurance of Greensboro has misled thousands of its North Carolina customers, especially Latinos, into unknowingly...
Tenn. Commissioner Says Multi-State UnumProvident Settlement Signed
Dec 21 2004 // At least 40 states have ratified landmark multi-state settlement agreements involving three major disability insurance carriers owned by UnumProvident Corp. of Chattanooga, Tenn., insurance regulators announced...
Report: Fla., N.C. Had Best Scores in Bioterrorism Preparedness Assessment
Dec 16 2004 // Florida and North Carolina scored highest in a report “Protecting the Public’s Health in the Age of Bioterrorism,” released by the Trust for America’s Health. The group measured 10 indicators to...
Former N.C. DoT Employee Sentenced for Disability Claims Fraud
Dec 10 2004 // Denise Hargrove of Raleigh, N.C. has been sentenced to from four to five-and-a-half years in prison and one year of probation for insurance fraud. Hargrove, a former Department of Transportation employee, admitted she...
AmWINS Acquires N.C. Quaker Special Risk
Dec 8 2004 // Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), a large independent wholesaler, has acquired the southeast office of Quaker Special Risk. AmWINS provides retail agents with insurance services, from...
N.C. HOMEOWNERS DISPUTE CLAIM DENIAL, HIRE LAWYERS:
Dec 6 2004 // Six residents in Peeks Creek, N.C., where four people died in what is suspected to be a Hurricane Ivan-triggered landslide, have hired lawyers to represent them after being denied insurance claims. Fifteen houses were...
First Charter Corp. Adds Smith & Assoc. Insurance to N.C. Acquisitions
Dec 3 2004 // Smith and Associates Insurance Services Inc. of Charlotte, N.C., an independent property casualty agency that specializes in middle market commercial accounts has been acquired by First Charter Corp. (FCC), a large...
