North Carolina Department of Insurance (NCDOI) News

North Carolina Insurance Fraud Round-Up: March

The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of March 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North Carolinians …

Former N.C. Insurance Chief Goodwin Denies Aiding Indicted Political Donor

North Carolina’s former top insurance regulator said Friday he never performed favors for a big-money donor and he relied on staff experts when his agency approved changes benefiting the businessman now charged with trying to bribe the state’s current insurance …

4 Indicted in North Carolina Insurance Commissioner Bribery Scheme

A long running investigation into illegal campaign donations to the North Carolina Insurance Commissioner has resulted in federal charges being filed against the head of the North Carolina Republican Party and a North Carolina insurance company founder. Four people in …

North Carolina Personal Auto Rates to Increase by 1.6%

The North Carolina Rate Bureau has reached a settlement with the North Carolina Department of Insurance to raise personal auto insurance rates by 1.6 percent, according to a statement by NCDOI. The NCRB, which is not a part of NCDOI …

North Carolina Insurance Fraud Round-Up: January, February

The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North …

North Carolina Insurers Request 19% Rate Increase for Mobile Home Policies

The North Carolina Rate Bureau has filed a request to increase homeowners’ insurance rates for mobile home policies of at least 19 percent, according to the North Carolina Department of Insurance (NCDOI). The NCRB, which represents insurance companies and is …

Causey Schedules Hearing to Settle Rate Dispute with North Carolina Insurers

In response to a filing by North Carolina insurers for a 17.4 percent rate increase in homeowners insurance rates, North Carolina Insurance Commissioner Mike Causey has set a Sept. 4, 2019 hearing date, saying he does not think the rate …

Feds Subpoena More Documents About Donor from North Carolina Insurance Dept.

Federal prosecutors have sought more documents from the North Carolina Department of Insurance about an industry magnate who’s also donated lots of money recently to North Carolina political causes. A department spokeswoman confirmed Tuesday it received the Jan. 23 federal …

North Carolina Auto Insurers Request 7.6% Rate Increase

The annual auto insurance filing from the North Carolina Rate Bureau to the North Carolina Department of Insurance calls for an overall statewide average increase of 7.6 percent, according to a statement from Insurance Commissioner Mike Causey. The NCRB represents …

North Carolina Rate Bureau Requests 17.4% Rate Hike for Homeowners’ Policies

The North Carolina Rate Bureau (NCRB) has requested a 17.4 percent increase in homeowners’ insurance rates from the North Carolina Department of Insurance, effective Oct. 1, 2019. According to the NCDOI, the NCRB attests the increase is needed to cover …