Topics Related to Insurance Rates

Insurance Commissioner Causey settles homeowners' insurance rate dispute

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

Insurance Commissioner Mike Causey announced today the N.C. Department of Insurance has ended the legal dispute with the North Carolina Rate Bureau on its proposal for an 18.7 percent homeowners' insurance rate increase. Commissioner Causey has negotiated an almost 14 percent lower rate for an average 4.8 percent increase statewide.

Rate Bureau requests average 18.9 percent hike for dwelling policies

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. The Rate Bureau requested a statewide average rate increase of 18.9 percent, varying by territory, with a requested effective date of Oct. 1, 2018.

Insurance Commissioner Causey rejects proposed Homeowners Insurance rate increase: Sets Hearing Date

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 rejects huge rate increase proposal, negotiates settlement; hearing canceled

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.