September 10, 2018
The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of August. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North Carolinians between …
August 7, 2018
The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of July. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North Carolinians between …
July 3, 2018
The North Carolina captive insurance program, established in 2013, had an estimated $30 million impact on the state in 2017, according to a statement from the North Carolina Insurance Department. The $30 million estimate comes from a recently completed study …
June 28, 2018
The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase and instead reached a settlement that will increase rates by an average …
May 15, 2018
Officials say five children have died from injuries in a weekend fire in North Carolina. Two children died Saturday after the blaze at a Greensboro apartment. A nursing supervisor at Wake Forest Baptist Medical Center told local media three children …
May 3, 2018
A suspended North Carolina volunteer fire chief has been arrested on felony insurance fraud and embezzlement charges, according to a statement from the North Carolina Department of Insurance. Kenan Wayne Kearney, 44, of Four Oaks in Johnston County was arrested …
April 19, 2018
The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between the two parties effectively ends the …
April 10, 2018
North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina Insurance Commissioner Mike Causey. The North Carolina Captive Insurance …
March 19, 2018
The North Carolina Department of Insurance has expanded its criminal investigations division with the addition of 15 new special agents, according to a statement from North Carolina Insurance Commissioner Mike Causey. Causey said the expansion to nearly double the size …
February 9, 2018
The North Carolina Rate Bureau (NCRB) has requested a statewide average rate increase of 18.9 percent, varying by territory, on dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. The dwelling insurance rate filing was …