insurance rate increase News

North Carolina Insurers Seek to Raise Homeowner Rates

The group representing companies that provide homeowners insurance in North Carolina is seeking an average increase of more than 25 percent, a request the state insurance commissioner describes as appalling. Officials with the state Insurance Department said the N.C. Rate …

Insurers OK to Raise North Carolina Dwelling Rates 13 Percent

North Carolina insurance regulators are clearing the largest rate increase in nine years for dwelling policies that cover residential rentals and other properties that are not owner occupied. Insurance Commissioner Wayne Goodwin’s office said Tuesday he signed a settlement agreement …