North carolina homeowners increase News

Insurers Sending ‘Consent to Rate’ Letters to North Carolina Homeowners

North Carolina homeowners are being told to pay higher insurance premiums or risk losing their coverage under a law that allows companies to pay more than the state has approved. The StarNews of Wilmington reported insurance companies are sending “consent …

North Carolina Opens Hearing on Homeowners Rate Hike

North Carolina’s insurance commissioner on Monday began deciding whether to allow homeowners’ coverage costs to rise by as much as 35 percent even as some insurers demand even higher rates in agreements with customers. Craig Smith has seen the annual …

North Carolina Hearing on 25% Homeowners Hike Moved to October

North Carolina’s insurance commissioner has postponed until October a hearing into a request by homeowners insurance companies to raise rates by an average of 25 percent statewide. Commissioner Wayne Goodwin said the public hearing to be held in Raleigh has …