NC Rate Bureau

North Carolina home insurers argue for 42% average premium hike

October 12, 2024 The Associated Press

RALEIGH — With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began Monday on the insurance industry’s request to raise homeowner premiums statewide by more than 42% […]

Causey negotiates lower dwelling rate hike

June 14, 2024 A.P. Dillon

RALEIGH — North Carolina Insurance Commissioner Mike Causey negotiated a lower dwelling rate hike after a much larger request from insurers. Last August, the N.C. Rate Bureau requested a 50.6% rate increase for dwelling policies […]

Fires, storms, inflation driving property insurance hikes

April 30, 2024 The Associated Press

BOISE, Idaho — Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won’t be renewed because their insurance company has […]

Settlement leads to 9% auto insurance rate increase, down from 28% ask by Rate Bureau

August 15, 2023 A.P. Dillon

RALEIGH — North Carolina Insurance Commissioner Mike Causey announced on Aug. 8 a settlement has been made with the North Carolina Rate Bureau over its auto insurance rate increase request. On Feb. 1, the N.C. […]

Rate Bureau requests average 18.9 percent hike for dwelling policies

February 13, 2018 Emily Roberson

RALEIGH— The North Carolina Department of Insurance received a Dwelling insurance rate filing from the N.C. Rate Bureau on Wednesday, Feb. 7. The N.C. Rate Bureau, which is not part of the Department of Insurance, […]