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NC insurers ask for homeowner policy rate hike

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WILMINGTON, NC (WWAY) -- The North Carolina Department of Insurance says it has received a request by insurers that could mean big rate increases for homeowners policies across the state.

NCDOI says late this afternoon the NC Rate Bureau, which represents all companies writing homeowners insurance in the state, requested a statewide average rate increase of 25.3 percent, varying by territory. The Rate Bureau requested the changes to go into effect Aug. 1.

The requested rate changes range from -2.7 percent to +35 percent. The insurance companies have also requested revisions to the current geographic rating territories.

Click here to see the full filing

"New homeowners insurance rates went into effect in July 2013. I am appalled that the insurance companies would request another increase just six months later," Insurance Commissioner Wayne Goodwin said in a statement. "I believe the insurance companies should withdraw this rate filing immediately. If they do not, the insurance companies should expect a full hearing on this matter; I will not entertain any settlement negotiations. I urge North Carolina homeowners to take advantage of the public comment period and let their insurance companies know what they think about the notion of another homeowners insurance rate increase."

Goodwin was also upset about the timing of the filing.

"I take offense at the insurance companies' concerted efforts to file this request late on a Friday afternoon, when they think the public won't be paying attention," he said.

There will be a public comment session on Friday, Jan. 24, 9:30 a.m. to 4 p.m. in the Jim Long Hearing Room of the Dobbs Building, 430 N. Salisbury St., Raleigh.

Written public comments will be accepted from Jan. 3 through Jan. 31. Written comments should be mailed to: NCDOI, Attn: Bob Mack, Property & Casualty Division, 1201 Mail Service Center, Raleigh, NC 27699-1201; or emailed to 2014homeowners@ncdoi.gov.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

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They say you get what you

They say you get what you pay for. Well, you also get what you vote for. The voters keep electing the same old people who keep on screwing them. Until the voters get wise, we will continue to go to pot. I'm glad we locked into our rent for the year. The landlord was already wanting to raise it.

Goodwin is fighting greedy insurance companies

I'm confused by the first person who commented here (assuming it hasn't been deleted at some point) and said (incorrectly) North Carolina insurance commissioner Wayne Goodwin is part of the good ol' boy system when he slams the insurance companies for requesting increases so soon after getting an increase only six months ago. If anything, Godwin is fighting greedy insurance companies. Anyone who is not on our insurance commissioner's side with this can only be on other side -- and that is with the insurance companies. In my opinion, the Commish called it right -- and was spot on to say the insurance companies were trying to sneak in their request by waiting until late Friday afternoon during a holiday week.

insurance rate

I know I didn't vote for him.

I hope that the insurance

I hope that the insurance commissioner's comments are not just empty rhetoric. He, of all people, should know that the insurance companies ALWAYS make their filing late on Friday afternoon, when they think the public isn't paying attention.

Homeowner's Insurance rate hike

Outrageous. In the current climate in NC poor people are punished for being poor. For the elderly who own their homes and barely make it month to month, an insurance rate hike could mean significant expense.

Let's see, hmmm "Goodwin"

Let's see, hmmm "Goodwin" was just reelected, oh that's right, he's a "DEMORAT", time to repay the last of the good old boy's system, people you got to pay attention when you are at the voting booths.

"ya got to pay attention"

The bottom line: Your post makes no sense at all.

Apparently you use the "bass ackwards" method of reading. The article clearly states that Goodwin is against the increases, yet you inferred just the opposite. "You got to pay attention"!

home insurance

I see you GOODWIN... he just allowed a price hike on health insurance is this what we get to represent us.people wake up get these good old boy democrats out.They make me sick bunch of idiots.

Really?

It is truly not limited to Democrats.

Gov. Pat McCrory who worked for Duke power for over 25 years helped get Duke Progress their rate hike as well as letting the merger go forward. McCrory also appointed many former Duke personnel to cabinet posts. (Commerce Depart being one glaring appointment). Fracking for natural gas will directly help Duke Progress rake in millions while poisoning our water. Gotta love paying back and the good ole boy system.

Blue Cross and Blue Shield of NC was a heavy donor to McCrory's election campaign. The Governor helped refuse the expansion of Medicaid and refused to set up a state exchange which would allow other insurers to compete...you know "Capitalism", letting the market decide. Instead he paved the way for limited competition for BCBS. Nice how they started raising rates(wink, wink.

My point is not to get you upset or try and rub your nose in it, BUT we all have to be intellectually honest. Money and Good Ole Boy favors will never go away no matter what side you're on.

Just food for thought.

Let's see

Sir, please reread this story. Part of reading is comprehension, you obviously have not comprehended.

Umm...

Did I miss something here? I may just be developing cataracts. The comment above suggests the commissioner is out to repay those who got him elected into office. I am confused how chastising the insurance industry for wanting another rate increase and encouraging the public to speak out against the industry is some how connected to repaying the "good ole boys" who helped get him elected. Is Goodwin expressing fake outrage to cover up the fact that he is secretly in cahoots with the insurance industry? I thought "Demorats" raise taxes, not insurance rates (insert Obamacare joke here.) Are the "good ole boy's" he is trying to pay back NC home owners? If so what terrible people are these homeowners? I have long suspected my landlord is a freemason.

Reply to "Let's see, hmmm 'Goodwin'"

Maybe it is just late in the evening on a Friday night, but I don't understand the comment by the poster identified as "1234543" ... Does that commenter not understand that Goodwin says the insurance companies should withdraw their request for a rate increase? He's fighting for homeowners and the poster at 7:46pm calls him a Demo-RAT? Whose side are you on? I really don't understand a connection to fighting off insurance rates and what you call a "good old boy's system". You're making it sound like insurance commissioner Goodwin is the one seeking the increases when it is, in fact, the insurance companies. Commissioner Goodwin isn't up for re-election until 2016 and he's fighting against greedy insurance companies all the time. And you're against that?