North Carolina Insurance Commissioner Mike Causey has again settled a legal dispute with insurance companies, raising insurance premiums without a public hearing. Less than a year after the N.C. Rate Bureau filed its proposed dwelling-rate increase, the two-term commissioner announced last week he has negotiated an average statewide hike of 8%. It’s the fourth increase since 2018 as weather-related risks mount and insurers argue it’s harder to do business in the state. But it’s significantly less — 42.6 percentage points — than what t ...
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Causey created several regional districts led by directors who weren’t required to have insurance expertise. Many directors have political clout or personal connections to Causey. ; Regional director Mendy Greenwood, for instance, was Causey’s campaign manager during his 2016 campaign, when he narrowly won his position. ; Jarrod Lowery and April Riddle were political appointees of Republican Gov. Pat McCrory and needed jobs after he lost re-election in 2016. Brent Heath had chaired the Wayne County Republican Party.
RALEIGH, N.C. (WNCN) — The North Carolina Department of Insurance released a proposal from insurance companies Friday that would see home insurance rates increased across the state. Across the state, insurance companies are seeking a more than 40 percent average rate increase with much higher rates sought at the coast, according to a Friday news release from the North Carolina Department of Insurance. The North Carolina Rate Bureau, which represents companies that write insurance policies in t...
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Created a cadre of regional director positions, starting with three and expanding to nine, which he used to hire people with personal and political ties. One was Causey’s former 2016 campaign manager, who the department could not show did substantial work. Two had worked for his old boss, a former GOP NC governor. Placed the directors in regional districts with boundaries he often shifted, sometimes to accommodate his hires. In one case, he split a coastal county in half, making two districts ...
Unlike most Council of State members, N.C. Insurance Commissioner Mike Causey has opted to drive thousands of miles across much of the country to attend conferences and meetings. Travel records for Causey released to The News & Observer show no flights to any destinations over five years, only road trips to places as far away as Park City, Utah, which is 2,000 miles west of Causey’s Greensboro home, and a 30-hour drive. Five road trips took Causey through New Mexico. Records also often show di...
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NC Insurance Commissioner Mike Causey has a friend and donor on the state payroll driving him from home to as far away as Santa Fe.