North Carolina Department of Insurance News

North Carolina Commissioner Lands on 8% Rate Increase for Dwelling Policies

North Carolina Insurance Commissioner Mike Causey has settled on an 8% average rate increase for dwelling insurance policies, starting Nov. 1. The North Carolina Rate Bureau, basing its request on data from property insurers, last summer had urged an average …

Carolina Insurance Agent Charged With Forging Life Insurance Policies on 16 People

North Carolina authorities have charged a Battleboro insurance agent with 74 counts after they said he forged life insurance applications for 16 people. Jonathan Michael Vlasak, 35, a licensed producer qualified to sell property, casualty, life and accident insurance, took …

North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs

A North Carolina mother and son adjusting and contracting team are scheduled to appear in court next month on charges of scamming more than $20,600. Both have been charged with similar offenses in the last two years, the state Insurance …

Carolina Homeowners Give an Earful on Proposed 42% Average HO Rate Increase

North Carolinians have had plenty to say about a proposed homeowners insurance rate increase that could, on average, raise rates in the state by double digits. At a public forum held online and in Raleigh, homeowners blasted the 42% average …

Lindberg Indicted on New Federal Charges of Skimming From His Insurance Companies

North Carolina business and insurance magnate Greg Lindberg has been indicted again on federal criminal charges, this time on accusations that he conspired to skim large amounts of money from his insurance companies, then lied about it to regulators to …

North Carolina Creates Process for Insurers to Legally Offer Pandemic Premium Relief

The North Carolina Department of Insurance says it is working with insurers to allow them to offer financial relief to policyholders without filing for department approval or risking violating state law during the current coronavirus pandemic. Many automobile insurers are …

CIC Services of Tennessee Forms Knox Reinsurance Co. in North Carolina

CICS Services, LLC (CICS) has launched a reinsurance pool for property and casualty coverages. Knox Reinsurance Company Inc., referred to as Knox Re, is licensed and regulated by the North Carolina Department of Insurance. Designed for small and mid-market businesses, …

North Carolina Department of Insurance Releases Smartphone App for Agents

The North Carolina Department of Insurance has released a smartphone app for insurance agents offering information such as educational opportunities, NCDOI agent services contact info, and agent notifications from the department. The new MyDOi smartphone app went live May 22, …

Recovery Efforts Underway in North Carolina After Tornado Damages 1K Structures

North Carolina Insurance Commissioner Mike Causey this week toured some of the areas hardest hit by a mid-April tornado, saying the storm damaged more than 1,000 buildings in one county alone. As the clean-up efforts continue in Greensboro and Rockingham …

North Carolina Insurance Agent Arrested for Embezzling $18K in Premiums

A North Carolina insurance agent has been arrested and charged with embezzling more than $18,000 in insurance premiums, according to a statement from North Carolina Insurance Commissioner Mike Causey. Billie Jo Kennedy, 47, of Trenton, N.C., was arrest earlier this …