state insurance premiums increase News

North Carolina’s top state insurance regulator signed an agreement Tuesday allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance Commissioner Wayne Goodwin agreed to a rate increase for less …

A South Carolina legislative panel opted on Wednesday to postpone voting on a bill that would exclude medical expenses from the $600,000 liability cap that protects the government from paying unlimited damages, regardless of the number of government entities involved. …