Two weeks ahead of an election deciding whether he keeps his job, North Carolina’s insurance commissioner told companies they’ll have to prove they should be allowed to increase homeowner’s premiums by a statewide average of 17.7 percent. The move by …
North Carolina’s property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill that does little more than what one industry expert said, “just stuck more fingers in the dike.” Despite having what …
North Carolina’s third largest homeowners insurer is looking to reduce its exposure in the state by increasing rates and rolling back its policyholder numbers, citing steep increases in reinsurance costs. The North Carolina Farm Bureau Insurance Co. announced it will …
One of North Carolina’s largest homeowners’ insurers says it is considering canceling the coverage of up to 70,000 homeowners unless the state Legislature makes changes allowing it to charge higher rates. North Carolina Farm Bureau Executive Vice President Steve Carroll …
