First Mutual Insurance extends AI home inspection deal with Chrp to cut risk costs
First Mutual expands Chrp AI inspections, speeds underwriting, cuts review time 50%, and flags home risks across NC, SC, TN markets
🇺🇸 North Carolina Insurance News
Latest North Carolina insurance news from US insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United States.
North Carolina court backs insurance firm in agent exit dispute
North Carolina Court dismisses most counterclaims by former agents in dispute over client poaching, leaving wage claim as sole surviving issue
Apartment fire highlights renters insurance gap in North Carolina
Camden Westwood Apartments fire displaces 70 residents, underscoring low renters insurance uptake and replacement cost risks for tenants
Pacific Life seeks dismissal of Kyle Busch’s $8.5 mn life insurance suit
Pacific Life asks a federal court to throw out NASCAR driver Kyle Busch’s lawsuit over indexed universal life policies, calling the claims unfounded
INSURICA closes largest acquisition with First Light Program Managers deal
The Florida-based wholesale and delegated underwriting platform strengthens INSURICA’s push into transportation and specialty E&S lines amid a tightening commercial auto market
North Carolina’s insurance commissioner urges Trump not to pardon Greg Lindberg
North Carolina’s insurance commissioner presses the White House to reject a pardon for Greg Lindberg as GOP senators back opposition
US Department of Agriculture rolls out major crop insurance overhaul for 2026 season
USDA finalizes crop insurance reforms for 2026, easing rules, expanding access, and updating subsidies as part of a broader deregulation push
North Carolina miner sues Zurich Insurance unit over $130 mn Hurricane Helene losses
Sibelco North America sues Zurich American for $130mn, alleging unpaid property damage and business interruption from Hurricane Helene
North Carolina sets May 2026 hearing on 68.3% dwelling insurance rate hike
NC Insurance Commissioner schedules a May 2026 hearing after rejecting a proposed 68.3% average increase in dwelling insurance rates
SageSure earns Lloyd’s coverholder status and launches new CAT program
SageSure becomes a Lloyd’s coverholder and DCA, expanding CAT-focused homeowners capacity through Trium Syndicate 1322 across five U.S. states
Aquarian Capital to buy Brighthouse Financial in $4.1 bn cash deal
Aquarian Capital will acquire Brighthouse Financial for $4.1 bn in cash, keeping the insurer independent and focused on U.S. retirement markets
North Carolina court rejects insurers’ bid to toss Tanger COVID suit
North Carolina Business Court denied insurers’ motion to dismiss Tanger’s COVID-19 coverage lawsuit, citing state law and the company’s close connection to NC
Liberty Mutual, Continental push N.C. Supreme Court review on asbestos claims
Liberty Mutual and Continental ask North Carolina Supreme Court to review asbestos workers’ comp ruling they say conflicts with precedent on bellwether cases
Lemonade proposes near-zero insurance for Tesla Full Self-Driving
Lemonade proposes near-zero insurance for Tesla Full Self-Driving, using direct vehicle integration to cut costs and challenge Tesla’s stalled insurance rollout
Severe storms continued impacting U.S., Canadian and Chinese insurers
Catastrophic rounds of severe storms continued impacting U.S. and Canadian insurers in mid-September generating losses estimated in the hundreds of millions of dollars
North Carolina adds $20 mn to roofing grant program for insurance policyholders
North Carolina’s Department of Insurance announced a $20 mn funding boost for its Strengthen Your Coastal Roof program, expanding grants for homeowners upgrading
Judge approves distribution plan for $318 mn asset sale tied to Greg Lindberg fraud case
A federal judge has approved the distribution of funds from the $318 mn sale of Clanwilliam Group, an Irish software company formerly owned by Greg Lindberg
U.S. insurers paid $1 bn in lightning-related homeowners insurance claims
In 2024, U.S. insurers paid $1.04bn in lightning-related homeowners insurance claims, marking a 16.5% decline from $1.24bn in 2023
North Carolina proposes bills to allocate State retirement funds to crypto and bitcoin
North Carolina lawmakers have proposed twin bills in the House and Senate to allocate up to 5% of state retirement funds to crypto assets
North Carolina proposed a 22.6% increase in personal auto insurance rates
The North Carolina Rate Bureau has proposed a 22.6% statewide average increase in personal auto insurance rates for policies effective Oct. 1
North Carolina home insurance rates will rise by an average of 7.5% in both 2025 and 2026
North Carolina home insurance rates will rise by an average of 7.5% in both 2025 and 2026. This increase is significantly lower than the 42.2% average
Winter storms affected the U.S., potentially causing insured losses in the tens of mn
Winter storms from Jan. 9-11 affected the southern U.S., potentially causing insured losses in the tens of mn, Aon reported
North Carolina Court of Appeals reverses $29 mn judgment against Penn National Insurance
The North Carolina Court of Appeals overturned a $29 mn judgment against Penn National Security Insurance Co., ruling the insurer did not breach
North Carolina State Treasurer demands Blue Cross pay $2 mn for TPA lawsuit
Blue Cross Blue Shield of North Carolina owes the state’s residents more than $2.05 mn from the carriers failed lawsuit over the North Carolina State Health Plan
Former insurance executive indicted for $2bn fraud scheme to deceive state Regulators
A federal grand jury in Charlotte returned an indictment charging a North Carolina man with masterminding and directing a massive scheme to deceive state insurance regulators
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures