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(The Center Square) – North Carolina homeowners will likely see insurance rates increase over the next two years, but not by as much as the insurers had hoped. The North Carolina Department of ...
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 ...
The NC Rate Bureau, which represents insurance companies, wants to increase rates for mobile homes to cover the rising costs. What to know. Many NC mobile homeowners are already cash-strapped.
"From 2017 to 2022, homeowners insurance premiums rose 40% faster than inflation," a June report by the Bipartisan Policy Center says. For millions of households already struggling to make their ...
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