Topics Related to Insurance Rates

North Carolina Insurance Commissioner Mike Causey has issued the following statement in response to recent media reports on the status of insurance rate filings:

“I wish to clear up any confusion regarding recent rate filings from the N.C. Rate Bureau.

Insurance Commissioner Mike Causey today announced that the N.C. Department of Insurance has settled its legal dispute with North Carolina insurance companies over a dwelling rate increase. 

North Carolina Insurance Commissioner Mike Causey has set April 7, 2025, as the hearing date for a proposed increase in mobile homeowners’ insurance rates requested by the North Carolina Rate Bureau.

North Carolina Insurance companies have 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 continued the hearing for the insurance industry’s proposed statewide average 50.6% dwelling insurance rate increase to July 22. The hearing had been scheduled for Monday, April 8.

North Carolina Insurance Commissioner Mike Causey today said “No” to the insurance companies’ average 42.2% proposed increase in homeowners’ insurance rates. 

North Carolina Commissioner of Insurance Mike Causey has issued the following statement to clear up any confusion regarding the recent filing made by insurance companies:

Insurance Commissioner Mike Causey made a broadcast quality video to address questions regarding the North Carolina Rate Bureau's request for a statewide average increase of 42.2% in homeowners' insurance rates.

North Carolina Insurance Commissioner Mike Causey has set April 8, 2024 as the hearing date for the North Carolina Rate Bureau’s proposed 50.6% dwelling insurance rate increase. 

North Carolina Insurance Commissioner Mike Causey is reminding customers of Friday Health Plans of North Carolina, Inc. (FHP-NC) that they have until the end of the day on Thursday, Aug. 31 to choose a new health insurance plan.