Insurance Commissioner Jim Long has announced plans for a hearing on auto insurance rates set for September.
This announcement came after the North Carolina Rate Bureau, an independent organization that represents all auto insurance companies in the state, filed for an 11.5 percent increase in rates on Feb. 1.
Department officials reviewed the rate filing and determined that the requested increase was not justified. State law requires Commissioner Long to serve as hearing officer during a hearing to decide the matter. Auto rate hearings typically encompass three to four weeks of testimony from both sides. Commissioner Long will decide what rate change, if any, is warranted during the hearing.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says 
Satellite Data Reveals Hurricane Melissa Damage in Jamaica 
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group From This Issue
