North Carolina’s Supreme Court is rejecting efforts by insurance companies to raise homeowners’ premiums. The state’s highest court on Friday dismissed arguments by the group that represents North Carolina insurers, which in 2014 sought an average 25 percent increase in …
North Carolina Insurance Commissioner Wayne Goodwin, a Democrat, was narrowly defeated Tuesday by his Republican opponent Mike Causey. Goodwin has served as North Carolina Insurance Commissioner since 2009. Causey, an insurance agency owner, won by nearly 39,000 votes, according to …
The homeowners insurance rate increase disagreement between the North Carolina Department of Insurance (NCDOI) and the insurance industry is not over. The North Carolina Rate Bureau (NCRB), which files rates with NCDOI on behalf of insurers writing in the state, …
North Carolina’s insurance commissioner had plenty of justification to reject a 2014 request by insurers to raise homeowners’ premiums by an average of 25 percent, the state Court of Appeals ruled August 2. Instead, Insurance Commissioner Wayne Goodwin imposed a …
Insurance companies aren’t giving up on their quest to raise premiumson North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling homeowners policies in North Carolina is appealing its …
North Carolina insurance companies that wanted to raise the cost of homeowners coverage by an average of roughly 25 percent were told Friday the state’s regulator is instead approving a zero overall change. Insurance Commissioner Wayne Goodwin said that after …
