North Carolina property insurers are on hold while the industry rating agency contemplates whether to appeal a decision by regulators denying a proposed 25.3 percent rate increase. The North Carolina Rate Bureau made the rate filing on behalf of the …
North Carolina Insurance Commissioner Wayne Goodwin said new workers’ compensation rates have been approved as filed and will go into effect April 1, 2015. There will be a 3.4 percent average decrease to loss costs for the voluntary market. There …
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 …
In less than a year since its captive-enabling legislation went into effect, North Carolina says it is making progress towards its goal of becoming a leading captive domicile. To date, the North Carolina Department of Insurance said it has licensed …
North Carolina Insurance Commissioner Wayne Goodwin said North Carolina is now an even more attractive home for captive insurance companies with the enactment of a law allowing new captive types and providing some regulatory flexibility. Changes to the N.C. Captive …
North Carolina Insurance Commissioner Wayne Goodwin has scheduled a hearing on August 6 in Raleigh on the insurers’ request to raise homeowners insurance rates an average of 25.3 percent. Goodwin said the proposed rates appear to the Department of Insurance …
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 …
Despite urging by the state’s insurance commissioner that they withdraw their bid, North Carolina homeowners insurers are unlikely to withdraw their request for a 25.3 percent average rate hike. The data supports the requested increase, according to Ray Evans, general …
North Carolina Insurance Commissioner Wayne Goodwin has called upon insurers in his state to withdraw a request for a 25.3 percent rate hike for homeowners insurance, saying he is “appalled” they would seek a raise just six months after a …
North Carolina Insurance Commissioner Wayne Goodwin said his agency has issued four captive insurance company licenses since the state’s Captive Insurance Act went into effect in late October 2013. The new North Carolina-domiciled captive insurance companies are: West & Joyce …
