North Carolina Department of Insurance (NCDOI) News

North Carolina Insurance Fraud Round-Up: July

The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of July. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North Carolinians between …

North Carolina Estimates $30M Economic Impact from Insurance Captives

The North Carolina captive insurance program, established in 2013, had an estimated $30 million impact on the state in 2017, according to a statement from the North Carolina Insurance Department. The $30 million estimate comes from a recently completed study …

North Carolina Approves 4.8% Statewide Dwelling Rate Increase

The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase and instead reached a settlement that will increase rates by an average …

5 Children Killed in North Carolina Apartment Fire

Officials say five children have died from injuries in a weekend fire in North Carolina. Two children died Saturday after the blaze at a Greensboro apartment. A nursing supervisor at Wake Forest Baptist Medical Center told local media three children …

North Carolina Volunteer Fire Chief Charged With Insurance Fraud, Embezzlement

A suspended North Carolina volunteer fire chief has been arrested on felony insurance fraud and embezzlement charges, according to a statement from the North Carolina Department of Insurance. Kenan Wayne Kearney, 44, of Four Oaks in Johnston County was arrested …

North Carolina Homeowners Insurers Agree to 4.8% Rate Increase

The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between the two parties effectively ends the …

North Carolina Touts Growth of 5-Year-Old Captive Insurance Program

North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina Insurance Commissioner Mike Causey. The North Carolina Captive Insurance …

North Carolina Insurance Department Expands Fraud Division, Adds 15 Agents

The North Carolina Department of Insurance has expanded its criminal investigations division with the addition of 15 new special agents, according to a statement from North Carolina Insurance Commissioner Mike Causey. Causey said the expansion to nearly double the size …

North Carolina Rate Bureau Seeks 18.9% Average Rate Hike on Dwelling Policies

The North Carolina Rate Bureau (NCRB) has requested a statewide average rate increase of 18.9 percent, varying by territory, on dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. The dwelling insurance rate filing was …

North Carolina Woman Accused of Defrauding Progressive Insurance

A North Carolina woman has been arrested and charged with solicitation to obtain property by false pretenses, according to a statement from North Carolina Insurance Commissioner Mike Causey. Heaven Symone Lassiter, 23, of Ahoskie, is accused of providing false information …