The Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau over the Rate Bureau’s proposed rate increase for Mobile Home Fire (MH-F) polices and Mobile Home Casualty (MH-C) policies.
North Carolina Insurance Commissioner Mike Causey has set Sept. 22 as the hearing date for the North Carolina Rate Bureau’s proposed 23% automobile insurance rate increase.
The dispute between Insurance Commissioner Mike Causey and North Carolina insurance companies writing homeowners’ insurance over a proposed 42.2% average statewide rate increase heads to hearing on Oct. 7.
Ahead of a scheduled public hearing on homeowner’s rates next month, North Carolina Insurance Commissioner Mike Causey has released a new video explaining how insurance rates are set in North Carolina, a process which is outlined by state law.&
North Carolina Insurance Commissioner Mike Causey has issued the following statement in response to recent media reports on the status of insurance rate filings:
“I wish to clear up any confusion regarding recent rate filings from the N.C. Rate Bureau.
Insurance Commissioner Mike Causey today announced that the N.C. Department of Insurance has settled its legal dispute with North Carolina insurance companies over a dwelling rate increase.
North Carolina Insurance Commissioner Mike Causey has set April 7, 2025, as the hearing date for a proposed increase in mobile homeowners’ insurance rates requested by the North Carolina Rate Bureau.
North Carolina Insurance companies have filed a request with the N.C. Department of insurance to increase insurance rates for mobile home policies.
North Carolina Insurance Commissioner Mike Causey has continued the hearing for the insurance industry’s proposed statewide average 50.6% dwelling insurance rate increase to July 22. The hearing had been scheduled for Monday, April 8.
North Carolina Insurance Commissioner Mike Causey today said “No” to the insurance companies’ average 42.2% proposed increase in homeowners’ insurance rates.