RALEIGH — North Carolina Insurance Commissioner Mike Causey on Tuesday afternoon said rejected the proposed increase in homeowners’ insurance rates
“I haven’t seen the evidence to justify such a drastic rate increase on North Carolina consumers,” Causey said in a statement. “The Department of Insurance has received more than 24,000 emailed comments on this proposal, with hundreds more policyholders commenting by mail. Consumers deserve a more thorough review of this proposal. I intend to make sure they get that review.”
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A hearing with the N.C. Rate Bureau has been scheduled by Causey for Oct. 7. After the hearing, an issue must be issued with 45 days with a final decision.