W.R. Berkley Corporation has formed Oak Harbor Reinsurance Co. (Oak Harbor Re), a protected cell captive insurance company, which was licensed by the N.C. Department of Insurance on Nov. 25. According to the North Carolina Department of Insurance, Oak Harbor …
Embattled insurance investor Greg E. Lindberg has retained Louis Freeh, former federal judge and FBI director, and his firm Freeh, Sporkin & Sullivan to examine and render advice regarding financial aspects of Lindberg’s business entities, with respect to, among other …
The former chairman of North Carolina’s Republican Party admitted Wednesday that he broke the law by lying to federal agents about his role in an alleged effort to bribe the state’s top insurance regulator to help a major GOP donor. …
The North Carolina Department of Insurance and the North Carolina Rate Bureau have settled a legal dispute over a proposed premium increase for homeowners insurance rates, according to a statement from NCDOI. NCDOI has also negotiated a settlement with the …
Lawyers for the North Carolina insurance magnate charged with trying to bribe the state’s top insurance regulator say the case should be dismissed because he claims he was exercising his right to support elected officials who were responsive to constituents. …
Residents and the insurance industry in Southeast states are feeling relieved after Hurricane Dorian grazed the U.S. coastline last week just days after it caused catastrophic damage in the Bahamas. While the storm was at one point a Category 3 …
As Hurricane Dorian finally begins to move away from the North Carolina coast, North Carolina Insurance Commissioner Mike Causey says the North Carolina Department of Insurance is ready to assist with any insurance related questions or concerns and is urging …
Federal authorities have grabbed nearly $1.5 million that a North Carolina insurance magnate intended to use as political donations, arguing the funds may be forfeited for an attempt to bribe the state’s top insurance regulator. Federal court records unsealed Friday …
North Carolina’s Insurance Commissioner has extended the hearing scheduled for the proposed statewide average 17.4% homeowners’ insurance rate increase by one month from Sept. 4, 2019, to Oct. 2, 2019, saying he needs the additional time to review the documents …
North Carolina’s insurance commissioner is taking over four insurance companies controlled by a businessman charged with trying to make political bribes. A Raleigh-based state judge issued an order on June 27 allowing Insurance Commissioner Mike Causey to take over the …
