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The North Carolina Rate Bureau submitted its annual auto insurance filing with the NC Department of Insurance and is requesting an overall statewide average increase of 7.6 percent, according to Insurance Commissioner Mike Causey.
The N.C. Rate Bureau has requested a statewide average rate increase of 18.9 percent for dwelling insurance policies.
NC Insurance Commissioner rejects proposed homeowner's insurance rate increase, hearing now set
Insurance companies want to raise homeowner's insurance rate by an average of 18.7 percent across the state, but that's not the case in our area.
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.
Your auto insurance rate will go up in October, but not as much as it could have. NC Insurance Commissioner Mike Causey announced a settlement agreement with the NC Rate Bureau in response to their request in February to raise auto insurance rates by 13.8 percent.
A state appeals court says North Carolina's insurance commissioner had plenty of justification to reject a quest by insurers to raise premiums on homeowners' coverage by an average of 25 percent.
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