September 24, 2016 5:12 PM ET

Insurance

Company Overview of Blue Cross and Blue Shield of North Carolina

Company Overview

Blue Cross and Blue Shield of North Carolina provides health insurance products and services in North Carolina. It offers health care providers that include medical doctors and general acute-care hospitals. The company’s products include health plans and dental plans for individuals, families, seniors, and employees. It also provides individual Medicare, small group, medium group, large group, and group Medicare plans for business owners to cover their employees. The company was founded in 1933 and is headquartered in Durham, North Carolina.

1965 Ivy Creek Boulevard

Durham, NC 27707

United States

Founded in 1933

Phone:

919-489-7431

Fax:

919-765-7818

Key Executives for Blue Cross and Blue Shield of North Carolina

Chief Executive Officer, President and Trustee
Age: 63
Chief Financial Officer and Senior Vice President
Chief Operating Officer and Senior Vice President
Executive President of Diversified Businesses and President of Mosaic Health Solutions
Senior Vice President, General Counsel and Corporate Secretary
Compensation as of Fiscal Year 2016.

Blue Cross and Blue Shield of North Carolina Key Developments

Blue Cross Blue Shield of North Carolina Pays Fine of $3.6 Million as Part of Voluntary Settlement Agreement with the N.C. Department of Insurance

Blue Cross Blue Shield of North Carolina has been fined $3.6 million as part of a voluntary settlement agreement with the N.C. Department of Insurance. According to the settlement agreement, NCDOI had received multiple complaints, including accusations that consumers experienced incorrect policy cancellation notices and had difficulty obtaining premium refunds. The cash from the penalty will go toward public schools in the state.

Blue Cross Names John D. Kimberly to Board of Trustees

Blue Cross and Blue Shield of North Carolina (Blue Cross) announced John D. Kimberly, president and director of Carolina Alliance Bank, as the newest member of its board of trustees. The Blue Cross board consists of community leaders with varied backgrounds in health care, education, business and finance. Kimberly is the president and director of the Carolina Alliance Bank.

Blue Cross and Blue Shield of North Carolina Announces Executive Changes

Alan Hughes, who oversaw operations at Blue Cross and Blue Shield of North Carolina, has resigned. The company appointed former Chief Financial Officer Gerald Petkau to the position of chief operating officer where he will oversee customer service, claims processing, project management and IT functions. Blue Cross announced that Chief Accounting Officer and Treasurer Mitch Perry will assume the role of CFO, reporting to President and CEO Brad Wilson. In addition, Chief Actuary Patrick Getzen and Chief Medical Officer Brian Caveney will now report to Wilson as members of the senior leadership team.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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