Topics Related to Insurance Rates

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.

[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.

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.