VA Regulators Want To Pull N.C. Mutual's License | WAMU 88.5 - American University Radio

: News

Filed Under:

VA Regulators Want To Pull N.C. Mutual's License

Play associated audio

By Elliott Francis

State regulators in Virginia want to stop the nation's oldest black-owned insurer from doing business in that state.

The State Corporation Commission reports the North Carolina Mutual Life Insurance's surplus dropped by more than a third in the past year. That, according to the commission, puts the company's finances at a hazardous level, leaving it too close to the minimum required by law. In response, the Durham, N.C.-based company says it is working to raise capital and boost its overall balance sheet.

The commission recommended suspending the company's license. Meanwhile, Mutual Life has asked for a hearing on the matter.

NPR

'Halt And Catch Fire' Explores What It Was Like For Women In '80s Tech

Mackenzie Davis, lead actress in the AMC show, says she's more interested in the story of an underdog woman than of a "damaged, white, middle-class male figuring out his dreams."
NPR

Cod Comeback: How The North Sea Fishery Bounced Back From The Brink

A decade ago, fishermen trying to catch North Sea cod were coming up empty. Now, thanks to strict fishing rules put in place to halt the decline, this fish tale looks headed for a happy ending.
NPR

Texas Loses Billions To Treat The Poor By Not Expanding Medicaid, Advocates Say

When the Supreme Court ruled that the federal government could not compel states to expand Medicaid programs, many Southern and Midwestern states opted out. One quarter of the uninsured live in Texas.
NPR

'Halt And Catch Fire' Explores What It Was Like For Women In '80s Tech

Mackenzie Davis, lead actress in the AMC show, says she's more interested in the story of an underdog woman than of a "damaged, white, middle-class male figuring out his dreams."

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.