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Lighthouse Property Insurance Corporation was an American property and casualty insurance company. It was founded in 2008 by Patrick White and operated in Southeastern coastal states such as Louisiana, North Carolina, South Carolina and Texas. The company merged with Prepared Insurance Company in 2017 to expand into Florida. [1]
While rare, an annuity issuer failing can be a nightmare for policyholders.
Property and casualty guaranty funds step in to pay the covered claims (which would otherwise go partially or entirely unpaid) of policyholders of an insolvent insurer at levels determined by state law. This ensures policyholders and claimants at greatest risk are protected from the most severe consequences of an insurer's failure.
Downtown Durham view showing the North Carolina Mutual Life Insurance Company Headquarters. In 1965 the N.C. Mutual Life Insurance building became the tallest office building owned by African Americans in the United States. In 2006 the N.C. Mutual Life Insurance Co. building sold to a developer for only $11.4 million.
A major North Carolina political donor and his associate have been convicted a second time of attempting to bribe the state’s insurance commissioner to secure preferential regulatory treatment ...
In the most recent J.D. Power ranking of life insurance companies, issued in Oct. 2021, State Farm ranked #1 among individual life insurance providers, with a score of 822. This put them just ...
Each state guaranty association is governed by state law; most associations cover up to at least $300,000 for life insurance death benefits, $100,000 in cash surrender value for life insurance, $250,000 in withdrawal and cash values for annuities, and up to $500,000 in health insurance policy benefits (depending on the type of health insurance ...
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 ...