North Carolina Department of Insurance (NCDOI) News

North Carolina Insurance Magnate Begins Prison Term

A North Carolina insurance magnate and prolific political donor has started serving a federal prison sentence for corruption-related convictions. Greg E. Lindberg was in custody on Tuesday at a minimum-security prison in Montgomery, Alabama, according to Scott Taylor, a spokesman …

North Carolina Sets Oct. 31 Continuing Education Deadline After COVID Delay

All licensed insurance producers and adjusters operating in North Carolina with a continuing education compliance period that ended in February, March, April, May and June 2020 must complete the state mandated CE requirements by Oct. 31, 2020 or face having …

North Carolina Insurance Donor to Appeal Conviction, Accuses Commissioner of Perjury

An insurance company founder and big political donor heading to prison after being convicted of attempting to bribe North Carolina’s top elected regulator of the industry remains confident he’ll get a new trial or overturned conviction. In a letter sent …

Convicted North Carolina Insurance Donor Gets 7 Years in Bribery Case

A major political donor convicted of attempting to bribe a North Carolina elected official to secure preferential regulatory treatment for his insurance business was sentenced Wednesday to more than seven years in prison. Billionaire businessman Greg E. Lindberg was handed …

Prosecutors: Convicted N.C. Insurance CEO Has No Remorse, Should Serve 14 Years

A federal prosecutor said Wednesday that a billionaire Durham businessman should spend 14 years in prison for trying to bribe North Carolina’s top insurance regulator with large political contributions. U.S. Attorney Andrew Murray laid out the prosecution’s sentencing recommendation against …

Judge Upholds Conviction of North Carolina Insurance Magnate in Bribery Case

A federal judge has upheld the convictions of two men found to be trying to bribe North Carolina’s top insurance regulator with large political contributions so that scrutiny of a defendant’s businesses would be eased. A jury in March found …

North Carolina Extends Emergency Order for Insurers to Defer Premium Payments

North Carolina Insurance Commissioner Mike Causey has extended an order issued last month to the insurance industry requesting that insurers defer policyholder payments for an additional 30 days, beginning April 27. The original order, issued March 27 and amended on …

North Carolina Regulator Offers Agent Licensing Options During Shutdown

The North Carolina Department of Insurance (NCDOI) is taking steps to continue licensing insurance agents in the state as quickly as possible amid the shutdown of application processing centers due to the pandemic, according to a statement. Working with Pearson …

North Carolina Requests Insurers Defer Premium Payments to Help Consumers

North Carolina Insurance Commissioner Mike Causey has activated an emergency declaration that gives policyholders in all 100 counties the option to defer insurance premium payments should they need to do so. The order was activated March 27 as a result …

North Carolina Stay-At-Home Order Takes Effect

North Carolina Gov. Roy Cooper announced Friday that a statewide stay-at-home order will start Monday, saying more movement restrictions are needed to blunt the new coronavirus and prevent hospitals from being overrun by cases. Cooper said the order will take …