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The North Carolina Department of Insurance announced the new rates last Friday. The insurance industry says inflation and climate change are driving up costs.

An insurance magnate who was once a big political donor in North Carolina has pleaded guilty related to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and others.

Mike Causey is seeking a third term but faces a challenge from Natasha Marcus. Both candidates agree that in the wake of the flooding in western North Carolina, more homeowners need to have access to flood insurance – and often the mapping and data used to make coverage decisions are outdated or inaccurate.

North Carolina insurance officials got an earful Monday about a proposal to increase homeowners insurance rates by an average of 42%.

State lawmakers are considering changes to auto insurance regulations that they think could lower premiums for drivers.

A North Carolina-based insurance magnate whose convictions on corruption-related counts were overturned by a federal appeals court has been released from prison.

Greg Lindberg, who lived in Durham and was once North Carolina’s largest political donor, was sentenced in 2020 to more than seven years in prison after being convicted of attempting to bribe Causey to secure preferential regulatory treatment for his insurance business.

Major changes in the National Flood Insurance Program take effect on Friday. A new method of gauging risk is supposed to make rates more equitable, reduce big subsidies and incorporate new risks from climate change. Rates could rise sharply for Carolinas' coastal property owners, while policyholders elsewhere will actually see bills go down.

In the modern financial world, Wall Street is king, but that ascent did not happen without exploitation. In particular, African slaves provided capital…

In the modern financial world, Wall Street is king, but that ascent did not happen without exploitation. In particular, African slaves provided capital…