North Carolina Rate Bureau News

North Carolina Commissioner Settles Mobile Home Rate Increase at 11%

North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners will …

NC Rate Bureau Wants 23% Hike in Auto Insurance Rates

The North Carolina Rate Bureau, basing its filing on input from insurers in the state, has requested a 22.6% average increase in auto insurance rates, starting Oct. 1. The state insurance commissioner will have input and, if previous rate changes …

North Carolina Commissioner Lands on 8% Rate Increase for Dwelling Policies

North Carolina Insurance Commissioner Mike Causey has settled on an 8% average rate increase for dwelling insurance policies, starting Nov. 1. The North Carolina Rate Bureau, basing its request on data from property insurers, last summer had urged an average …

NC Rate Bureau Wants 83% Elevation in Mobile Home Fire Rates

The North Carolina Rate Bureau has requested an 83% average rate increase for mobile home fire policies and a 50% jump for mobile home casualty policies over the next three years. The MH-F increase request is 24.9% for 2024, 21.2% …

Hearing Set for Next Year Over 18.7% North Carolina Dwelling Rate Increase

A hearing date for the proposed 18.7% dwelling insurance rate increase has been set for Jan. 18, 2022 by North Carolina Insurance Commissioner Mike Causey, a statement from the North Carolina Department of Insurance said. The proposed rate increase was …

North Carolina Insurers File for 18.7% Increase on Dwelling Policies

The North Carolina Rate Bureau, which represents all companies writing property insurance in the state, is seeking an 18.7% statewide average increase in dwelling policies. The North Carolina Department of Insurance said it received the filing for the rate hike …

Causey Re-Elected as North Carolina Insurance Commissioner

Incumbent Mike Causey, a Republican, has defeated Democrat Wayne Goodwin in the third rematch between the two candidates for the position of North Carolina Insurance Commissioner. The Associated Press reported Wednesday night that Causey beat Goodwin with 52% of the …

Candidates in Hotly Contested North Carolina Insurance Race Talk Scandal, Priorities

The race for the next North Carolina Insurance Commissioner features two familiar faces to state voters in what is a three-peat showdown featuring Republican Mike Causey and Democrat Wayne Goodwin. Causey, the incumbent, bested the two-term former commissioner Goodwin in …

North Carolina Revises Workers’ Comp Premium Rules Related to COVID-19

Two new rule revisions to the North Carolina Basic Manual for Workers Compensation and Employers Liability (NC Basic Manual) related to the COVID-19 pandemic have been approved by the North Carolina Department of Insurance. The North Carolina Rate Bureau (NCRB) …

North Carolina Insurers Settle for 4% Rate Increase on Dwelling Policies

The North Carolina Department of Insurance and the North Carolina Rate Bureau (NCRB) have reached a settlement for an average 4% increase on a proposal to increase dwelling insurance rates. A hearing on the proposal scheduled for Jan. 13 has …