North Carolina Insurance Commissioner Mike Causey News

North Carolina Homeowners, Mobile Home Rates Going Up

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 …

North Carolina Insurance Donor Wants Political Bribery Case Dropped

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. …

The Aftermath of Hurricane Dorian: Southeast States ‘Dodged a Bullet’

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 …

NC Insurance Department Ready to Assist with Dorian Claims, Warns of Fraud

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 …

North Carolina Criminal Investigations Reserve Unit Formed to Fight Insurance Fraud

North Carolina Insurance Commissioner Mike Causey has organized a Criminal Investigations Reserve Unit to combat the extensive number of insurance fraud cases in the state. Four veteran law enforcement personnel, were sworn-in Thursday as inductees at a ceremony in Raleigh …

Causey: More Time Needed to Review North Carolina Homeowners’ Rate Increase

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 Regulator to Take Over Firms Owned by Embattled Insurance Investor

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 …

North Carolina to Host Flood Insurance Conferences; Will Offer Agents CE Credits

The North Carolina Department of Insurance has set up five flood insurance conferences statewide between July and September designed to educate the public, insurance and real estate agents of the need to purchase flood insurance, NCDOI said in a statement. …

North Carolina Insurance Fraud Round-Up: May

The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of May 2019. Insurance fraud costs American consumers approximately $80 billion a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North Carolinians between …

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, …