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On March 6, 1899 the North Carolina General Assembly created the Department of Insurance. The first commissioner of insurance was to be appointed to two-year terms, though the legislature selected the first commissioner; the day the insurance department was created, the legislature elected James R. Young to the commissionership. [2] That year a ...
Five candidates, including Republican incumbent Mike Causey, are running to become the state’s top insurance official. Responsible for regulating the insurance industry, the North Carolina ...
Causey ran for the office of commissioner of insurance in 1992, 1996, 2000, and 2012 as the state Republican nominee, but lost each race. In 2014 he sought a seat in the U.S. Congress, but placed seventh in the Republican primary. In 2016, Causey again sought the office of insurance commissioner and defeated incumbent Democrat Wayne Goodwin. [3]
Base rates for North Carolina homeowners' insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry.
North Carolina’s home and auto insurance rates have increased more than inflation, thanks to a commissioner who is more concerned about himself than you. He’s allowed rates to increase, with ...
North Carolina Insurance Commissioner Mike Causey, right, speaks to the media before a hearing on homeowners' premium insurance rates in the state Department of Insurance building in Raleigh, N.C ...
During her tenure, Marcus has pushed to expand access to abortion in North Carolina, and signed on in 2021 to the proposed "RBG Act". [6] She has served on several committees in the Senate, including the Commerce & Insurance Committee. [7] In 2023, Marcus announced she would run for North Carolina Commissioner of Insurance in the 2024 election. [8]
The agreement announced Friday by state Insurance Commissioner Mike Causey contrasts with the January 2024 request by the North Carolina Rate Bureau, which represents insurance companies, seeking a 42.2% overall average increase. Causey, an elected official who began his third term earlier this month, formally rejected the bureau's request last ...