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.
“We are not in agreement with the Rate Bureau’s proposed increases filed July 13, 2023,” said Commissioner Causey. “The next step, according to statute, is to set a hearing date. It is now necessary to hold a hearing to reach a resolution that will make the most financial sense for our residents and insurance companies.”