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NC officials began a hearing into insurance companies’ request to raise homeowners’ rates statewide by an average 42.2%. What to know.
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 ...
We also need an Insurance Commissioner who will stop insurance companies from using “consent to rate” (CTR) notices to charge so many North Carolina home and auto policyholders up to 2.5 times ...
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
As North Carolina reels from Helene, companies writing homeowners’ insurance have proposed an average 42.2% rate increase in North Carolina.
The Nationwide Multi-State Licensing System and Registry (NMLS) (originally the Nationwide Mortgage Licensing System) is the system of record for non-depository, financial services licensing or registration in participating state agencies, including the District of Columbia and U.S. Territories of Puerto Rico, the U.S. Virgin Islands, and Guam.
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