Topics Related to Insurance Rates

N.C. Rate Bureau requests an overall 42.6% rate increase for dwelling policies

The North Carolina Department of Insurance received a dwelling insurance rate filing from the North Carolina Rate Bureau on Thursday, Aug.18.  The Rate Bureau is seeking a statewide average increase of 42.6%, requesting 19.6% effective April 1, 2023, and a 19.2% increase effective April 1, 2

Commissioner Causey calls attention to potential perils of reckless driving

N.C. Insurance Commissioner Mike Causey is calling attention to rising vehicle fatality rates by addressing the key factors causing the deadly crashes, urging North Carolinians to put driving first while behind the wheel this summer.

New negotiated homeowners’ insurance rate takes effect June 1, 2022

North Carolina Insurance Commissioner Mike Causey is reminding homeowners that insurance rate changes will take effect on June 1, 2022. Consumers will likely see the rate increase on policies that are taken out or renewed on or after today.

State Fire Marshal to announce fire insurance ratings in Raleigh this week

North Carolina Insurance Commissioner Mike Causey, who also serves as the State Fire Marshal, will announce new insurance ratings at two Raleigh fire departments this week.

State Fire Marshal to present checks to three emergency response units

North Carolina Insurance Commissioner Mike Causey will present checks to three emergency response units in Scotland and Robeson counties and present an Order of the Guardian Award during visits scheduled on Friday, April 29.

Commissioner Causey negotiates settlement on homeowners, cancels hearing

Insurance Commissioner Mike Causey announced today that the N.C.

Commissioner Causey negotiates settlement on mobile homes, cancels hearing

The N.C. Department of Insurance has settled its legal dispute with the N.C. Rate Bureau over mobile homeowners’ insurance rates, saving policyholders millions of dollars in premiums compared to what had been proposed by the insurance industry.

Commissioner postpones homeowners’ insurance rate hearing to January 2022

North Carolina Insurance Commissioner Mike Causey has postponed the hearing for the insurance industry’s proposed statewide average 24.5% homeowners’ insurance rate increase to Jan. 3, 2022. The hearing had been scheduled for Monday, Nov. 1.

Commissioner postpones homeowners’ insurance rate hearing

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.

Commissioner Causey negotiates settlement on dwelling, calls for a hearing on mobile homes

The N.C.