north carolina department of insurance Archives

Insurance fraud fighting gets a boost in North Carolina

March 21, 2018March 19, 2018 Marc

Insurance Fraud - North Carolina Boosts number of Insurance Fraud Agents

The state’s Insurance Department has added 15 agents to its team of scam hunters. The North Carolina Department of Insurance has announced the expansion of its insurance fraud investigation team. Fifteen new special agents will take part in criminal investigations. North Carolina Insurance Commissioner Mike Causey made the announcement. The additional insurance fraud investigating team members have doubled the previous size of the department, said Causey. The N.C. Insurance Commissioner has implemented a new strategy for eliminating scams and fraudulent activities involving insurance in North Carolina. The expansion of the…

North Carolina auto insurance customers will be paying more for coverage

June 20, 2017June 17, 2017 G. Turner

Rates are expected to rise for many drivers in October, though the increase is less than what it might have been. North Carolina auto insurance rates may be on the rise in October, but drivers could have seen a much higher hike if regulators hadn’t stepped in. The state Department of Insurance signed a settlement agreement with the N.C. Rate Bureau to allow for a considerably lower rate increase than initially proposed. Insurance Commissioner Mike Causey made the announcement regarding the settlement agreement signing. Initially, the state Rate Bureau requested…

Health insurance provider Blue Cross Blue Shield may face fines in North Carolina

March 17, 2016March 16, 2016 Nordstrom

North Carolina Department of Insurance may issue fines against Blue Cross Blue Shield Blue Cross Blue Shield may be facing significant fines in North Carolina due to “unprecedented administrative failures,” according to the state’s Insurance Commissioner, Wayne Goodwin. The Commissioner intends to levy the maximum permissible fines against the health insurance provider as the insurers goes into its third month of enrollment and billing issues. The North Carolina Department of Insurance claims that it has received more than 8,700 calls and 1,900 formal complaints concerning Blue Cross Blue Shield this…

More North Carolina businesses are offering health insurance coverage

November 19, 2015November 18, 2015 Nordstrom

Releigh, Capital of North Carolina homeowners insurance rates

Employer-sponsored coverage is becoming more common, but only slightly More businesses in North Carolina have begun to offer their employees health insurance coverage, but this has only increased by a slight degree since 2010. In North Carolina, nearly half of all consumers below the age of 65 currently receive employer-sponsored insurance coverage. Since 2010, this has risen by less than 1%, while other states have seen a greater increase in employer-sponsored health insurance coverage. A new report from the Department of Health and Human Services has highlighted this issue. Number…

Health insurance provider breaks regulations in North Carolina

March 11, 2015March 9, 2015 Nordstrom

Aetna could face fines and other penalties from state regulators for numerous infractions Health insurance provider Aetna has run afoul of North Carolina’s insurance regulators. According to the North Carolina Department of Insurance, the company has sold policies to several hundred consumers without the state’s approval. The agency approved these policies in order to ensure that people do not lose their health insurance coverage, but Aetna may be subject to fines and other penalties for selling insurance products without the states authorization. Company reports its own infractions, which may have…

Homeowners insurance rates may skyrocket in North Carolina

January 29, 2015January 27, 2015 Marc

Homeowners are receiving consent to rate letters from their insurance providers Homeowners insurance providers in North Carolina are sending consumers “consent to rate” letters. These letters are informing homeowners that they must agree to pay higher rates for their coverage or risk losing this coverage entirely. For many, this will mean that insurance policies will become significantly more expensive this year. Others may choose to find new homeowners insurance providers and, in some cases, this could save them money on coverage. State regulators deny rate increases from insurers, but state…

Hearing regarding homeowners insurance in North Carolina has been delayed

July 18, 2014July 16, 2014 S.Vagus

Hearing on the subject of rising insurance rates has been postponed until October In North Carolina, homeowners insurance providers are seeking to increase the premiums for their coverage. This has caused some controversy and a hearing had been scheduled for next month regarding the matter. The hearing would have allowed state lawmakers and regulators to better understand why insurers are proposing rate increases and determine whether or not these rate increases are necessary. The hearing has, however, been delayed until October. Insurers seek to raise coverage rates by an average…