North Carolina rate increase News

North Carolina Home Insurers to Appeal Rate Denial

Insurance companies aren’t giving up on their quest to raise premiumson North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling homeowners policies in North Carolina is appealing its …

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 …

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 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 …

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 …