Articles by Emery P. Dalesio

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 …

North Carolina Insurers Split Over Auto Insurance Rate System

A divided auto insurance industry will try again this year to change a unique regulatory system in North Carolina, which enjoys some of the lowest rates in the country. The industry will use the argument that average costs are low …

Insurers Divided Over North Carolina Auto Insurance Rate System

A divided auto insurance industry will try again next year to change a unique regulatory system in North Carolina, which enjoys some of the lowest rates in the country. The industry will use the argument that average costs are low …

North Carolina Home Insurance Ruling Scheduled for After Election

Two weeks ahead of the election deciding whether he keeps his job, North Carolina’s insurance commissioner told companies they’ll have to prove they should be allowed to increase homeowners’ premiums by a statewide average of 17.7 percent. The move by …

North Carolina’s Ocracoke Ferries Halted, Stranding Some

North Carolina transportation officials suspended all ferry service to Ocracoke Island on North Carolina’s Outer Banks on Saturday, leaving hundreds of residents and guests no way to reach higher ground as Hurricane Sandy threatened the coast with heavy winds and …

North Carolina Regulator Calls for Hearing, Delay on Home Insurance Rates

Two weeks ahead of an election deciding whether he keeps his job, North Carolina’s insurance commissioner told companies they’ll have to prove they should be allowed to increase homeowner’s premiums by a statewide average of 17.7 percent. The move by …