The North Carolina Rate Bureau has requested an average statewide rate increase of 24.5% on homeowners insurance rates in the state, according to a statement from the North Carolina Department of Insurance. The NCRB is not part of the NCDOI …
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 …
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 …
North Carolina’s Supreme Court is rejecting efforts by insurance companies to raise homeowners’ premiums. The state’s highest court on Friday dismissed arguments by the group that represents North Carolina insurers, which in 2014 sought an average 25 percent increase in …
North Carolina Insurance Commissioner Wayne Goodwin, a Democrat, was narrowly defeated Tuesday by his Republican opponent Mike Causey. Goodwin has served as North Carolina Insurance Commissioner since 2009. Causey, an insurance agency owner, won by nearly 39,000 votes, according to …
The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on behalf of insurers writing in the state, …
North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled August 2. Instead, Insurance Commissioner Wayne Goodwin imposed a …
Republican lawmakers and Democratic state Insurance Commissioner Wayne Goodwin back legislation they say would improve the process to set North Carolina homeowner insurance rates and give insurers a new way to cover huge losses after a hurricane. House and Senate …
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 property insurers are on hold while the industry rating agency contemplates whether to appeal a decision by regulators denying a proposed 25.3 percent rate increase. The North Carolina Rate Bureau made the rate filing on behalf of the …
