Articles by Emery P. Dalesio

North Carolina Opens Hearing on Homeowners Rate Hike

North Carolina’s insurance commissioner on Monday began deciding whether to allow homeowners’ coverage costs to rise by as much as 35 percent even as some insurers demand even higher rates in agreements with customers. Craig Smith has seen the annual …

North Carolina Regulator Receiving Comments on 25% Home Insurance Hike

North Carolina homeowners are looking at insurance cost increases averaging 25 percent starting in August if the state’s regulator goes along, and his office heard Friday from some of those upset about the prospect of higher premiums. The hearing came …

State Regulators Warn on Misleading Health Insurance Websites

Insurance regulators and an industry trade group are warning that this month’s roll-out of the health insurance marketplaces created by federal law opened the door for bad actors at the same time that it has given brokers and agents a …

Blue Cross ‘Stores’ Offering Uninsureds Information on Obamacare Changes, Options

Just down from the Target and Gander Mountain big-box stores and between a nail salon and dental office in Morrisville, North Carolina’s largest health insurer opened its first retail store. It has some exercise offerings — step aerobics classes and …

North Carolina Wins MetLife Jobs

MetLife Inc. announced it will move 2,600 jobs from offices in four Northeast states and California to lower-cost locations in two North Carolina cities, while also getting tax breaks and other incentives that could reach $100 million. The insurer is …

MetLife Moving 2,600 Jobs to North Carolina from Northeast, California

Insurance giant MetLife Inc. said last week that it will move 2,600 jobs from offices in four Northeast states and California to lower-cost locations in two North Carolina cities, while also getting tax breaks and other incentives that could reach …

North Carolina Approves 7% Home Insurance Rate Increase

North Carolina’s top state insurance regulator has signed an agreement allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance Commissioner Wayne Goodwin agreed to a rate increase for less …

North Carolina Fails to Enforce Workers’ Compensation Mandate: Auditor

The state agency that decides how thousands of people are compensated for workplace injuries does a poor job of making sure companies obey a law requiring them to carry insurance, the state’s internal government watchdog reported Tuesday. The North Carolina …

HMS Bounty’s Sinking During Sandy Under Investigation

More than a week before Hurricane Sandy became a superstorm that would zero in on the U.S. Northeast, while it was just a tropical depression bouncing around the Caribbean, a captain headed out to sea. The HMS Bounty sailed dead …

Florida Nuclear Plant Being Shuttered Following Insurance Settlement

The largest U.S. electricity company is permanently closing a Florida nuclear power plant after botched repairs and refunding consumers $835 million from an insurance settlement. Charlotte, N.C.-based Duke Energy said Tuesday it will close its Crystal River Nuclear Plant north …