North Carolina Insurance Commissioner Mike Causey has set Sept. 20, 2021, as the hearing date for the North Carolina Rate Bureau’s proposed 24.5% homeowners’ insurance rate increase.
“The data in the filing has not convinced me that such a drastic increase is necessary,” said Commissioner Causey. “My goal is to find a rate that will make financial sense for our residents and keep our insurance companies healthy enough to pay claims.”
The hearing will begin at 10 a.m. in the Second Floor Hearing Room in the Albemarle Building, 325 N. Salisbury St., Raleigh.