Commissioner Mike Causey announced the average rate increase across the state. North Carolina Insurance Commissioner Mike Causey has announced that following negotiations with the dwelling insurance market, there will be an average 8 percent rate increase across the state. The increase is substantially lower than what was requested The North Carolina Rate Bureau had been seeking an average increase to dwelling insurance rates of 50.6 percent. That means that following negotiations, it was reduced by 42.6 percent to arrive at the average that will be implemented in the state. This…
Read MoreNorth Carolina property owners to see dwelling insurance rate spike by 8 percent
