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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 how much North Carolina's homeowner insurance rates might go up, especially at the coast, is still to be determined more than 10 months after a proposal by state insurers that could see some ...
The last rate increase came in 2020, when insurance companies originally wanted to hike premiums by 24.5% but eventually agreed to settle for 7.9% after Causey rejected their initial request.
Based on the company’s Commercial Lines Insurance Pricing Survey (CLIPS) for Q2 2024, the collective commercial price change reported by insurance carriers in the quarterly survey showed an increase of 5.9%, down from 6.3% in Q1 2024 (6.1% in Q2 2023).
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 ...
He lost the respect of North Carolina consumers when he agreed to 19 straight rate hikes for insurance companies without a single public hearing. North Carolina needs an insurance commissioner who ...
Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021 [update] , Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for ...
NC officials began a hearing into insurance companies’ request to raise homeowners’ rates statewide by an average 42.2%. What to know.