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The Department of Insurance is urging homeowners to seriously consider taking out separate flood insurance policies, even if only a minimal amount. “I’ve been told the average flood insurance ...
NC officials began a hearing into insurance companies’ request to raise homeowners’ rates statewide by an average 42.2%. What to know.
As North Carolina reels from Helene, companies writing homeowners’ insurance have proposed an average 42.2% rate increase in North Carolina.
The commissioner of insurance is a statewide elected office in the U.S. state of North Carolina. The commissioner is a constitutional officer who leads the state's Department of Insurance and sits on the North Carolina Council of State. The current commissioner is Mike Causey, who has held that office since January 1, 2017.
Separately, the Rate Bureau has filed an average overall 42.2% hike for homeowners’ insurance; an 82.9% increase for mobile home fire policies (MH-F); and a 49.9% increase for mobile home ...
But if Nationwide and its affiliates, which write about 7.3% of the state’s homeowners insurance policies, decide to pull out of larger swaths, or abandon the state entirely, it could wreak ...
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