Tag Archives: Mike Causey

North Carolina auto insurance rates are going up 5% on average in settlement

North Carolina auto insurance rates are going up 5% on average in settlement

RALEIGH, N.C. (AP) — North Carolina automobile insurance rates are poised to increase statewide this fall by a 5% average as part of an agreement reached between state regulators and the insurance industry. The settlement announced Monday by Insurance Commissioner Mike Causey is lower than the average 22.6% rate increase for private passenger vehicles originally requested by the North Carolina Rate Bureau. A September public hearing on the request would have been held in September without the settlement. The changes take place Oct. 1 and includes an average 16.3% decrease on motorcycle liability insurance rates.… Continue Reading

North Carolina’s insurance commissioner is out of the hospital after heart surgery

North Carolina’s insurance commissioner is out of the hospital after heart surgery

RALEIGH, N.C. (AP) — North Carolina Insurance Commissioner Mike Causey is out of the hospital 10 days after undergoing heart surgery. The Republican underwent what his department called “elective” surgery to “correct a congenital heart defect.” Causey told a Greensboro newspaper that he had developed an aneurysm. The 74-year-old was released Thursday. Causey said the surgery wasn’t disclosed beforehand in part because he didn’t want to alarm anybody ahead of time unnecessarily. He said the defect was discovered in late 2023. Further examination showed he had developed an aneurysm. Causey was first elected commissioner in 2016. He won a third four-year term this past November.… Continue Reading

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