Company Profile
NC Rate Bureau/NCRF/NCIGA
Company Overview
North Carolina Rate Bureau (NCRB) a non-profit, unincorporated rating bureau providing services and programs for the insurance industry in North Carolina through the promulgation of rates, forms, and rules for automobile, property and workers compensation lines of insurance. The NCRB is responsible for proposing and filing rates on behalf of member insurers generating over $12 billion in premiums. The NCRB is responsible for administering the North Carolina Workers Compensation Assigned Risk Plan with approximately 27,000 North Carolina employers.
North Carolina Reinsurance Facility (NCRF) is a nonprofit, unincorporated legal entity that ensures the availability of auto liability insurance to all eligible NC risks. Our efforts are focused on ensuring the right premiums are collected and the correct losses are paid while minimizing the impact on both policyholders and insurers. The NCRF reinsures about 1.5 million NC policies with approximately $1.5 billion in revenues.
North Carolina Insurance Guaranty Association (NCIGA) a non-profit, unincorporated legal entity created to protect North Carolina insurance policyholders and claimants from severe financial losses and delays in claim payments due to the insolvency of a member property and casualty writing insurance carrier. The NCIGA is responsible for providing a mechanism for the payment of covered claims, assisting in the detection and prevention of insurer insolvencies, and providing an association to assess the cost of such protection among insurers. The NCIGA manages a large reserve volume based on claim inventory complexity.
Company History
North Carolina Rate Bureau (NCRB) is a non-profit, unincorporated rating bureau created by the General Assembly of North Carolina under the provisions of Article 36 of Chapter 58 of the General Statutes of North Carolina on September 1st, 1977. NCRB provides services and programs for the insurance industry in North Carolina for automobile, property and workers compensation.
Created in 1973, the mission of the North Carolina Reinsurance Facility (NCRF) is to ensure that all eligible risks can purchase auto liability insurance, to ensure the right premiums are collected and the correct losses are paid, and to minimize the impact on policyholders and companies in North Carolina.
The NCIGA is a non-profit, unincorporated legal entity created by Statute to protect North Carolina insurance policyholders and claimants from severe financial losses and delays in claim payments due to the insolvency of a member property and casualty writing insurance carrier. Statutorily created obligations include providing a mechanism for the payment of covered claims as defined by applicable statutory language, assisting in the detection and prevention of insurer insolvencies, and providing an association to assess the cost of such protection among insurers.
Benefits
• Competitive compensation with an annual bonus plan.
• Minimum of 4 weeks (pro-rated) Paid Time Off plus 12 paid holidays per year
• 37.5-hour Flexible Work Week with Friday afternoon off
• Hybrid Work Environment: 2 days per week in Raleigh office, 3 days remote
• Committed to Work/Life Balance for our employees