North Carolina Commissioner Wayne Goodwin News

North Carolina Hearing on Homeowners Increase Set for August

North Carolina Insurance Commissioner Wayne Goodwin has scheduled a hearing on August 6 in Raleigh on the insurers’ request to raise homeowners insurance rates an average of 25.3 percent. Goodwin said the proposed rates appear to the Department of Insurance …

North Carolina Regulator Receiving Comments on 25% Home Insurance Hike

North Carolina homeowners are looking at insurance cost increases averaging 25 percent starting in August if the state’s regulator goes along, and his office heard Friday from some of those upset about the prospect of higher premiums. The hearing came …

North Carolina Rate Bureau Stands By 25.3% Home Insurance Bid

Despite urging by the state’s insurance commissioner that they withdraw their bid, North Carolina homeowners insurers are unlikely to withdraw their request for a 25.3 percent average rate hike. The data supports the requested increase, according to Ray Evans, general …

North Carolina Regulator ‘Appalled’ at Home Insurers’ Request for 25% Rate Hike

North Carolina Insurance Commissioner Wayne Goodwin has called upon insurers in his state to withdraw a request for a 25.3 percent rate hike for homeowners insurance, saying he is “appalled” they would seek a raise just six months after a …

North Carolina Licenses Four Captives

North Carolina Insurance Commissioner Wayne Goodwin said his agency has issued four captive insurance company licenses since the state’s Captive Insurance Act went into effect in late October 2013. The new North Carolina-domiciled captive insurance companies are: West & Joyce …

North Carolina Approves 7% Home Insurance Rate Increase

North Carolina’s top state insurance regulator has signed an agreement allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance Commissioner Wayne Goodwin agreed to a rate increase for less …

Exclusive Interview: North Carolina Commissioner Goodwin on Home, Auto Markets

Recently re-elected North Carolina Insurance Commissioner Wayne Goodwin is more focused on reform of the state’s homeowners insurance market than he is on auto insurance. As was the case four years ago when he first assumed office, Goodwin sees the …

North Carolina Reaches $1.6 Million Rebate Settlement with Insurers

North Carolina Insurance Commissioner Wayne Goodwin announced an agreement with two insurers that will result in consumers receiving $1.6 million in refunds. American Modern Home Insurance Co. and its affiliate American Family Home Insurance Co. have agreed to pay the …

North Carolina Approves 13.2% Dwelling Fire, Extended Coverage Rate Hike

North Carolina Insurance Commissioner Wayne Goodwin and insurance companies have come to an agreement that allows for a statewide average increase of 13.2 percent for dwelling fire and extended coverage policies, spread over a three-year period. Insurers, represented by the …

North Carolina Re-Elects Goodwin as Insurance Commissioner

North Carolina’s incumbent insurance commissioner, Democrat Wayne Goodwin, beat back a challenge by Republican Mike Causey of Greensboro to keep his job. Goodwin won 51.8 percent of the 4.3 million votes cast in the contest; Causey garnered 48.1 percent. Causey, …