Press Releases

The hearing scheduled for the insurance industry’s proposed statewide average 24.5% homeowners’ insurance rate increase has been extended six weeks from Sept. 20 to Nov.1.

The N.C. Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposed 18.7% dwelling insurance rate increase, averting a potentially costly administrative battle with insurance companies.  This means the hearing scheduled for Jan.

The North Carolina Rate Bureau has filed a request with the N.C. Department of Insurance to increase insurance rates for mobile home policies.

North Carolina Insurance Commissioner Mike Causey has set Jan. 18, 2022, as the hearing date for the North Carolina Rate Bureau’s proposed 18.7% dwelling insurance rate increase.

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.

Insurance Commissioner Mike Causey announced today the North Carolina Rate Bureau has requested a 24.5% statewide average increase in homeowners' insurance rates to take effect August 2021. The NCRB is not part of the N.C. Department of Insurance but represents companies that write insurance policies in the state.

North Carolina Insurance Commissioner Mike Causey is working with insurance companies so they can provide financial assistance to consumers during the COVID-19 health emergency.

A hearing on a proposal by the North Carolina Rate Bureau to increase dwelling insurance rates, scheduled for Jan. 13, has been canceled after the NCRB reached a settlement with the N.C. Department of Insurance.

The North Carolina Rate Bureau has requested the N.C. Department of Insurance increase homeowners' insurance rates 17.4 percent effective Oct. 1, 2019. The N.C. Rate Bureau represents the state's insurance companies and is a separate entity from the N.C. Department of Insurance.

N.C. business owners may soon enjoy lower operating costs. On October 19, Insurance Commissioner Mike Causey approved an average 17.2 percent rate decrease for workers’ compensation insurance to be effective April 1, 2019

Insurance Commissioner Mike Causey announced today the N.C. Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase. Commissioner Causey has negotiated an almost 14 percent lower rate for an overall statewide average increase of 4.8 percent.

[video:https://youtu.be/kzBpNbLhAao]

The North Carolina Department of Insurance received a Dwelling insurance rate filing from the N.C. Rate Bureau on Wednesday, Feb. 7. The N.C. Rate Bureau, which is not part of the Department of Insurance, represents all companies writing property insurance in the state.

North Carolina Insurance Commissioner Mike Causey has set July 23, 2018 as the hearing date for the North Carolina Rate Bureau’s proposed 18.7 percent homeowners insurance rate increase.

Insurance Commissioner Mike Causey today announced that the North Carolina Rate Bureau has filed notice with the NC Department of Insurance asking for a statewide average increase in homeowners insurance rates of 18.7 percent for 2018. The NC Rate Bureau represents the homeowners insurance companies in the state in asking for this increase.

Insurance Commissioner Mike Causey announced the signing of a settlement agreement with the North Carolina Rate Bureau in response to the Rate Bureau's Feb. 1, 2017, request for a 13.8% increase in auto insurance rates.

Officials at the North Carolina Department of Insurance today released a notice of hearing in the 2017 auto insurance rate case, in which the North Carolina Rate Bureau requested a 13.8 percent average statewide increase in auto rates. The notice schedules a hearing beginning Sept. 11, 2017, at 10:00 a.m.

Insurance Commissioner Mike Causey today announced that the Department of Insurance has received the annual auto insurance rate filing from the North Carolina Rate Bureau. The Bureau, which represents the auto insurance companies in the state, requested an overall statewide average increase of 13.8 percent for 2017.

Insurance Commissioner Mike Causey announces the N.C. Rate Bureau has elected to withdraw the rate filing made on Nov. 30, 2016, which would have seen an increase of +19.6% average in North Carolina.