Topics Related to Insurance Rates

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 NCRB, which is not a part of the N.C. Department of Insurance but represents companies that write insurance policies in the state, had requested a statewide average rate increase of 19.2%, varying by territory.