Articles by Emery P. Dalesio

Blue Cross Seeks 34% Rate Hike in North Carolina for ACA Plans

North Carolina’s largest health insurer says higher-than-anticipated costs after two years of selling federally subsidized coverage has forced it to seek premium increases even greater than it thought would be necessary two months ago. Blue Cross and Blue Shield of …

North Carolina High Court Rules Duke Energy Has ‘Years’ to Cleanup Coal Ash

North Carolina’s highest court ruled June 11 that Duke Energy has years to clean up leaking coal ash dumps as outlined by a new state law. The state Supreme Court overruled a lower court judge’s decision that the country’s largest …

North Carolina Legislators Look at Regulating Virtual Currencies

Legislators in America’s second-largest banking center are considering regulations for Bitcoin and other virtual currencies. North Carolina’s banking commissioner is seeking legislative authority to require that companies circulating digital IOUs meet consumer protection, anti-money laundering and other standards. Legislation passed …

Duke Energy Settles CEO Lawsuit for Nearly $150M

America’s largest electric company will pay nearly $150 million to settle claims that shareholders lost millions when it ousted its CEO in a surprise move after a long-anticipated buyout. Duke Energy said last week its insurers and shareholders would pay …

Amtrak Crash in North Carolina Leaves at Least 55 Injured

An Amtrak train in North Carolina slammed into a tractor-trailer that got stuck on the tracks while trying to make a difficult left-hand turn Monday. One of the train’s cars toppled and the conductor and at least 54 others were …

North Carolina Home Insurers to Appeal Rate Denial

Insurance companies aren’t giving up on their quest to raise premiumson North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling homeowners policies in North Carolina is appealing its …

North Carolina Denies Homeowners Insurance Rate Hike

North Carolina insurance companies that wanted to raise the cost of homeowners coverage by an average of roughly 25 percent were told Friday the state’s regulator is instead approving a zero overall change. Insurance Commissioner Wayne Goodwin said that after …

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 …