N.C. State Insurance Commissioner Causey Rejects Insurance Companies' Average 42.2% Rate Hike Request
February 07, 2024
February 07, 2024
RALEIGH, North Carolina, Feb. 7 -- The North Carolina Department of Insurance issued the following news release on Feb. 6, 2024:
North Carolina Insurance Commissioner Mike Causey today said "No" to the insurance companies' average 42.2% proposed increase in homeowners' insurance rates.
"I haven't seen the evidence to justify such a drastic rate increase on North Carolina consumers," Commissioner Causey said. "The Department of Ins . . .
North Carolina Insurance Commissioner Mike Causey today said "No" to the insurance companies' average 42.2% proposed increase in homeowners' insurance rates.
"I haven't seen the evidence to justify such a drastic rate increase on North Carolina consumers," Commissioner Causey said. "The Department of Ins . . .