Hurricane Florence could be one of the largest storms to hit the Carolinas in decades and state insurance officials say they are ready for whatever it will bring to their regions. In interviews with Insurance Journal on Tuesday, South Carolina …
Arch Capital Group Ltd. (ACGL), a globally diversified financial services group providing insurance, reinsurance and mortgage insurance, will open an operational hub in Raleigh, N.C., and create 365 new jobs over four years, according to a statement from North Carolina …
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 …
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 …
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 …
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 …
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 …
A North Carolina woman has been arrested and charged with solicitation to obtain property by false pretenses, according to a statement from North Carolina Insurance Commissioner Mike Causey. Heaven Symone Lassiter, 23, of Ahoskie, is accused of providing false information …
The North Carolina Office of the State Fire Marshal, headed up by North Carolina Insurance Commissioner and State Fire Marshal Mike Causey, has established a new Fire Investigations Unit (FIU) to assist the state’s fire service and law enforcement agencies. …
The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the matter. “We are not in …
