homeowners insurance rate increases News

North Carolina Homeowners, Mobile Home Rates Going Up

The North Carolina Department of Insurance and the North Carolina Rate Bureau have settled a legal dispute over a proposed premium increase for homeowners insurance rates, according to a statement from NCDOI. NCDOI has also negotiated a settlement with the …

Causey: More Time Needed to Review North Carolina Homeowners’ Rate Increase

North Carolina’s Insurance Commissioner has extended the hearing scheduled for the proposed statewide average 17.4% homeowners’ insurance rate increase by one month from Sept. 4, 2019, to Oct. 2, 2019, saying he needs the additional time to review the documents …

Causey Schedules Hearing to Settle Rate Dispute with North Carolina Insurers

In response to a filing by North Carolina insurers for a 17.4 percent rate increase in homeowners insurance rates, North Carolina Insurance Commissioner Mike Causey has set a Sept. 4, 2019 hearing date, saying he does not think the rate …

North Carolina Rate Bureau Requests 17.4% Rate Hike for Homeowners’ Policies

The North Carolina Rate Bureau (NCRB) has requested a 17.4 percent increase in homeowners’ insurance rates from the North Carolina Department of Insurance, effective Oct. 1, 2019. According to the NCDOI, the NCRB attests the increase is needed to cover …

North Carolina Homeowners Insurers Agree to 4.8% Rate Increase

The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between the two parties effectively ends the …

North Carolina Insurance Regulator Denies 18.7% Homeowners Rate Increase

The Commissioner of Insurance for North Carolina says a recent rate increase of 18.7 percent proposed by North Carolina insurers is unwarranted and has set a hearing date for later this year to resolve the matter. “We are not in …

North Carolina Rate Bureau Requests 18.7% Increase for Homeowners Insurance

The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike Causey. The NC Rate Bureau represents the …

Homeowner Insurance Rate Hikes not Challenged by Texas Commissioner

The Texas insurance commissioner has allowed the three largest home insurers to impose significant rate hikes on many policyholders despite the objections of a state consumer advocate. Insurance Commissioner Julia Rathgeber can reject any new rates that are deemed excessive …