Latest North Carolina Headlines
All the headlines from our North Carolina Topic Page, ordered by recency.
NC Supreme Court: Injured Trucker Due Benefits, Despite Tardy Claim
Jun 20 2023 // An injured truck driver described as “pretty tough” by her doctor after she finally sought treatment more than a year after a back injury was eligible for total temporary disability benefits despite the late...
Sublimit Left Out of Policy, But Liberty Mutual Firm Avoids Huge Payout Anyway
Jun 20 2023 // What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multimillion dollar property policy? In the case...
After 7 Quakes, NC Commissioner Urges Homeowners to Add Endorsement
Jun 14 2023 // After seven minor earthquakes were recorded in recent weeks in western North Carolina, the state’s insurance commissioner is encouraging property owners to check with their insurance agents and make sure...
Court Agrees to Postpone One Lindberg Trial While Bribery Case is Retried
Jun 14 2023 // Embattled North Carolina insurance magnate and businessman Greg Lindberg won’t have to face two criminal trials in the same year, a federal judge has decided. U.S. District Judge Max Cogburn last week agreed to delay...
NC Bill Banning Environmentally Conscious Investment Advances in Senate
Jun 9 2023 // North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in...
SEC Seeks to Recover Funds from NC Insurance Agent’s Alleged Investment Scam
May 31 2023 // The U.S. Securities and Exchange Commission has asked a federal court to bar a North Carolina insurance agent and financial advisor from trading securities and to disgorge ill-gotten gains from a real estate scam,...
Massive Fire Engulfs Charlotte, NC, Building, Parking Garage: One Dead, One Missing
May 19 2023 // A construction worker was killed and another was missing Friday morning after a massive fire broke out in an upscale business and residential area of Charlotte, North Carolina. News outlets reported that the five-alarm...
North Carolina Mobile Home Insurance Rates to Rise 15%, Starting in October
May 18 2023 // North Carolina’s insurance commissioner has negotiated a 15% average statewide increase in rates for mobile home insurance policies, a reduction from the hefty hike that the state’s rate bureau had...
NC Youth Again Need Learner Permits for Just Six Months Under New Law
May 9 2023 // The mandatory supervised driving period in North Carolina for young people before they can drive by themselves will be scaled back permanently after Gov. Roy Cooper said on Friday he’ll let a bill become law without...
Widow Bound by Exclusive Remedy in Band-Saw Fatality, NC Court Finds
May 3 2023 // A longtime worker at a North Carolina furniture products company, described as a model employee, died in 2020 under somewhat mysterious circumstances. Co-workers described hearing a “strange noise” as Rodney...
Leavitt Group Expands with Another North Carolina Agency Acquisition
May 2 2023 // Leavitt Elite Insurance Advisors, part of the multi-state Leavitt Group, has merged with another North Carolina agency. Simmons Insurance Agency, with offices in Pilot Mountain and Mount Airy, was founded in 1973 and has...
NC Commissioner Blasts Bill Giving Blue Cross More Control Over its Surplus
Apr 27 2023 // North Carolina’s dominant health insurance provider could transfer billions to a holding company instead of returning portions of that surplus to policyholders, under legislation that advanced Tuesday in the state...
NC Work Injury Tort Settles for $5M with Another $5M in Comp Benefits to Come
Apr 25 2023 // A laborer in Asheville, North Carolina, working at a hotel construction site, fell through a four-story air conditioning shaft in 2018, leaving him paralyzed and in need of regular care. Four years later, the 34-year-old...
CIC Services Names Former NC Regulator as Director of Captive Management
Apr 25 2023 // Leane Rafalko, who spent eight years with the North Carolina Department of Insurance as chief captive analyst, has been named director of captive management for Knoxville-based CIC Services. After leaving DOI, Rafalko...
NC Senators Want Disney to Move North, Amid Company’s Feud with DeSantis
Apr 24 2023 // North Carolina lawmakers are hoping to capitalize on Walt Disney World’s feud with the Florida governor, and have introduced a bill that would fund a study and incentives for luring Disney north. Senate Bill 594,...
NC Senate Approves Bill Giving Lawmakers, Insurance Commissioner More Appointments to Boards
Apr 10 2023 // The North Carolina General Assembly would get to choose more members of several powerful state commissions, including the Utilities Commission, an economic investment committee, and environmental and health boards, under...
NC Farm Bureau Can Keep $24 Million in Green Energy Tax Credits, Court Says
Apr 6 2023 // An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, striking down a $24 million tax assessment by the...
North Carolina’s First Citizens Bank to Acquire Most of Collapsed Silicon Valley Bank
Mar 28 2023 // North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a...
North Carolina Dems Hoping to Stop Elimination of Corporate Income Tax
Mar 22 2023 // Democratic lawmakers and advocacy groups called Monday for blocking the planned elimination of North Carolina’s corporate income tax, arguing that companies that benefit from operating in the state should pay a...
Without Veto, Tougher Riot, Property Damage Penalties Become Law in North Carolina
Mar 21 2023 // Increased punishments for rioting in North Carolina will become law later this year as Democratic Gov. Roy Cooper announced on Friday he wouldn’t use his veto stamp on legislation that’s similar to a bill he...
