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Jan 5, 2024 · The North Carolina Rate Bureau represents companies that write insurance policies in the state and is a separate entity from the North Carolina Department of Insurance. This rate filing follows the homeowners’ insurance rate filing that the Department of Insurance received from the North Carolina Rate Bureau in November 2020, where the Rate Bureau requested an overall average increase of 24.5%.
Oct 8, 2024 · 2 of 2 | . North Carolina state Sen. Natasha Marcus, D-Mecklenburg, a candidate for North Carolina insurance commissioner, speaks outside the state Department of Insurance building in Raleigh, N.C., before a hearing on homeowners’ premium insurance rates on Monday, Oct. 7, 2024.
Feb 6, 2024 · RALEIGH, N.C. (AP) — North Carolina's top insurance regulator has denied an industry request to raise homeowners' insurance premiums by an average of 42% — and to almost double them in parts ...
Jan 8, 2024 · RALEIGH, N.C. (AP) — Another round of setting homeowner insurance policy rates in North Carolina has begun with the industry seeking a 42.2% average statewide premium increase that would begin ...
Oct 9, 2024 · Zoom in: Home insurance has been profitable for much of the past decade in North Carolina, The New York Times found, but the industry's profits are declining. The state has also just experienced yet another multi-billion-dollar storm disaster after Helene ravaged the mountains, though most of that damage came from flooding, which isn't covered by typical home insurance .
Feb 6, 2024 · But for North Carolina residents, it's not just that homeowners insurance might soon go up. Auto insurance rates went up 4.5% in 2023 and are going up another 4.5% this year, WRAL previously reported.
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Oct 8, 2024 · Before the last such hearing set for early 2022, the industry and commissioner settled weeks earlier on a 7.9% average premium rate increase after the bureau had sought 24.5%.
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