North Carolina Department of Insurance (NCDOI) News

North Carolina Insurance Dept. Warns of Door-to-Door Insurance Scams

North Carolina Insurance Commissioner Mike Causey is warning people to be on alert for insurance scams after the North Carolina Department of Insurance received a report of scam artists going door-to-door claiming to be from department. In a statement, NCDOI …

North Carolina Dwelling Rates to Increase by 7.6%; Mobile Home Request in Dispute

The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposed 18.7% dwelling insurance rate increase, averting a potentially costly administrative battle with insurance companies, NCDOI said in a statement. The …

North Carolina Insurers Request Increases on Mobile Home Policy Rates

The North Carolina Rate Bureau has filed a request with the North Carolina Department of Insurance to increase insurance rates for mobile home policies. The NCRB, which represents insurance companies and is not a part of NCDOI, has requested an …

North Carolina Man Charged with Insurance Fraud in Wreck Scheme

A North Carolina man was arrested in connection with an insurance fraud scheme involving roadside cleanup after a car crash, insurance officials said. A news release from the Department of Insurance said Garrett Scarlette, 26, of Thomasville, was charged with …

North Carolina Tops 1K Captive Insurers in 7 Years

The North Carolina Department of Insurance has approved or licensed more than 1,000 risk-bearing captive entities (including conditional licenses and approvals) since its captive program inception in 2013 through year-end 2020, according to a statement from the department. As of …

Ex-Rep Hayes Pardoned by Trump for Role in North Carolina Insurance Bribery Scheme

A former North Carolina congressman and state Republican Party leader who lied to FBI agents about a bribery scandal received a pardon from outgoing President Donald Trump in his final hours in office. Federal authorities said ex-Rep. Robin Hayes participated …

Causey Sworn in for Second Term as North Carolina Insurance Commissioner

North Carolina Insurance Commissioner Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner last week. Causey was sworn in Jan. 9 by North Carolina Chief Justice Paul Newby in a socially distanced ceremony …

North Carolina Regulator to Modify Moratorium on Lindberg Firms

A North Carolina Superior Court gave approval to the state’s insurance regulator to modify the moratorium on insurance businessman Greg Lindberg’s financially impaired Colorado Bankers and Bankers Life Insurance Companies. The order allows annuity contract owners to withdraw limited funds …

North Carolina Insurers Seek 24.5% Rate Hike for Homeowners

The North Carolina Rate Bureau has requested an average statewide rate increase of 24.5% on homeowners insurance rates in the state, according to a statement from the North Carolina Department of Insurance. The NCRB is not part of the NCDOI …

Causey Re-Elected as North Carolina Insurance Commissioner

Incumbent Mike Causey, a Republican, has defeated Democrat Wayne Goodwin in the third rematch between the two candidates for the position of North Carolina Insurance Commissioner. The Associated Press reported Wednesday night that Causey beat Goodwin with 52% of the …