North Carolina Insurance Commissioner Mike Causey News

Recovery Efforts Underway in North Carolina After Tornado Damages 1K Structures

North Carolina Insurance Commissioner Mike Causey this week toured some of the areas hardest hit by a mid-April tornado, saying the storm damaged more than 1,000 buildings in one county alone. As the clean-up efforts continue in Greensboro and Rockingham …

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 Agent Arrested for Embezzling $18K in Premiums

A North Carolina insurance agent has been arrested and charged with embezzling more than $18,000 in insurance premiums, according to a statement from North Carolina Insurance Commissioner Mike Causey. Billie Jo Kennedy, 47, of Trenton, N.C., was arrest earlier this …

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 …

North Carolina Establishes New Fire Investigation Unit

The North Carolina Office of the State Fire Marshal, headed up by North Carolina Insurance Commissioner and State Fire Marshal Mike Causey, has established a new Fire Investigations Unit (FIU) to assist the state’s fire service and law enforcement agencies. …

North Carolina Insurance Regulator Denies 18.7% Homeowners Rate Increase

The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the matter. “We are not in …

North Carolina Man Accused of Faking $104K in Insurance Claims

A North Carolina man has been charged with four counts each of insurance fraud and obtaining property by false pretense, according to a statement from North Carolina Insurance Commissioner Mike Causey. Jeffrey Neal Smith, 42, of, Concord, N.C. Smith was …

North Carolina Rate Bureau Requests 18.7% Increase for Homeowners Insurance

The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike Causey. The NC Rate Bureau represents the …

North Carolina Accuses 4 of Deliberately Damaging Roofs During Inspections

North Carolina has arrested four men on allegations of attempting to defraud an insurer by damaging roofs during inspections, according a statement from the North Carolina Department of Insurance. North Carolina Insurance Commissioner Mike Causey announced the arrest of Phillip …