The North Carolina Department of Insurance News

Hearing Set for Next Year Over 18.7% North Carolina Dwelling Rate Increase

A hearing date for the proposed 18.7% dwelling insurance rate increase has been set for Jan. 18, 2022 by North Carolina Insurance Commissioner Mike Causey, a statement from the North Carolina Department of Insurance said. The proposed rate increase was …

North Carolina Insurers File for 18.7% Increase on Dwelling Policies

The North Carolina Rate Bureau, which represents all companies writing property insurance in the state, is seeking an 18.7% statewide average increase in dwelling policies. The North Carolina Department of Insurance said it received the filing for the rate hike …

North Carolina Fines Gerber Life Insurance Co. $1.1 million for Claims Violations

The North Carolina Department of Insurance has entered into a voluntary settlement agreement with Gerber Life Insurance Company that includes a $1.1 million penalty for numerous violations related to its claims practices for accidental death and dismemberment policies, according to …

North Carolina Insurers Settle for 4% Rate Increase on Dwelling Policies

The North Carolina Department of Insurance and the North Carolina Rate Bureau (NCRB) have reached a settlement for an average 4% increase on a proposal to increase dwelling insurance rates. A hearing on the proposal scheduled for Jan. 13 has …

North Carolina Insurers Request 19.2% Rate Increase for Dwelling Policies

The North Carolina Department of Insurance has received a dwelling insurance rate filing from the North Carolina Rate Bureau requesting a statewide average rate increase of 19.2%, varying by territory. The N.C. Rate Bureau, which is not part of the …