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The months-long dispute over North Carolina home owner's insurance rate increases has finally been settled.
NC Insurance Commissioner rejects proposed homeowner's insurance rate increase, hearing now set
The North Carolina Rate Bureau filed a notice with the Department of Insurance requesting an 18.7 percent rate increase for 2018.
Insurance Commissioner Mike Causey today announced that the North Carolina Rate Bureau has filed notice with the NC Department of Insurance asking for a statewide average increase in homeowners insurance rates of 18.7 percent for 2018.
Republican lawmakers and Democratic state Insurance Commissioner Wayne Goodwin back legislation they say would improve the process to set North Carolina homeowner insurance rates and give insurers a new way to cover huge losses after a hurricane.