North Carolina Department of Insurance (NCDOI) News

2% Rate Hike Approved for North Carolina Auto Insurers

North Carolina’s insurance regulator says he’s reached a deal with auto insurers for a premium increase of just over 2 percent instead of the nearly 14 percent average increase companies sought in February. The state Insurance Department said Thursday the …

Zenefits to Pay North Carolina $104K to Settle Licensing Violations

The North Carolina Department of Insurance has reached a settlement agreement with YourPeople, Inc., dba Zenefits FTW Insurance Services (Zenefits) resulting in a $104,500 penalty, according to a statement from Insurance Commissioner Mike Causey. Department of Insurance Agent Services Division …

North Carolina Regulator Calls 13.8% Auto Rate Hike Unwarranted

The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision, made by Commissioner Mike Causey …

North Carolina Auto Rates Going Up? Rate Bureau Files for 13.8% Rate Increase

The North Carolina Rate Bureau (NCRB) is requesting an average increase of 13.8 percent on private passenger automobile insurance rates in its latest filing with the North Carolina Department of Insurance (NCDOI). NCRB files rates on behalf of all insurance …

Georgia Man Accused of Staging Car Theft in North Carolina

A Georgia man was arrested and charged with insurance fraud for allegedly staging a car theft in North Carolina, according to a statement from Insurance Commissioner Wayne Goodwin. Jeremy Joseph Keeton, 29, of Columbus, Ga was arrested and is charged …

South Carolina, Florida Order Evacuations as Hurricane Matthew Approaches Southeast

The governors of Florida, Georgia and South Carolina have ordered a State of Emergency for each of their respective states as Hurricane Matthew makes its way up the Southeast coast after battering Haiti and Cuba. The Florida Division of Emergency …

10 Arrested in North Carolina Staged Auto Accident Ring

Nine residents in Pitt County, North Carolina, were arrested in connection with an alleged staged auto accident ring, according to a statement from the North Carolina Department of Insurance (NCDOI). Investigators allege the accused staged seven separate vehicle crashes between …

North Carolina Man Jailed for Alleged Insurance Fraud Scheme

A North Carolina man has been arrested on numerous insurance fraud-related charges, according to a statement from the North Carolina Department of Insurance (NCDOI). Commissioner Wayne Goodwin announced the arrest of Michael Anthony McIntyre of Currie; he is charged with …

Encompass Insurance Exits North Carolina Personal Lines Market

Encompass Indemnity Insurance, an Allstate Insurance company that sells business through independent agents, has exited the North Carolina personal lines market. As of this month, Encompass is no longer renewing business in the state. However, the departure of the company, …

Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015

The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of Insurance. North Carolina Insurance Commissioner Wayne Goodwin reported the results …