With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began Monday on the insurance industry’s request to raise homeowner premiums statewide by more than 42% on average.

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Home insurers argue for a 42% average rate hike in North Carolina

A hearing has started in North Carolina over the insurance industry's request to raise homeowner premium rates by more than 42% on average. A top lieutenant for Insurance Commissioner Mike

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A hearing has started in North Carolina over the insurance industry's request to raise homeowner premium rates by more than 42% on average

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RALEIGH, N.C. (AP) — With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began Monday on the insurance industry’s request to raise homeowner premium rates statewide by more than 42% on average.  A top lieutenant for Insurance Commissioner Mike Causey opened what’s expected to be multiple weeks of witnesses, evidence and arguments by attorneys for the state Insurance Department and the…

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The back-and-forth over a proposed insurance rate hike for North Carolina homeowners continued Monday.

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Back and forth on North Carolina insurance rate hike continues at Department of Insurance hearing

RALEIGH, N.C. (AP) — With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began Monday on the insurance industry's request to raise homeowner premium rates statewide by more than 42% on average.

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Associated Press RALEIGH, N.C. (AP) — A hearing has started in North Carolina over the insurance industry’s request to raise homeowner premiums by more than 42% on average. A top lieutenant for Insurance Commissioner Mike Causey began hearing what’s expected to be multiple weeks of testimony and evidence on Monday. Any decision would likely come before year’s end. An industry attorney said inflation and more storms require rate increases to ensu…

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Associated Press RALEIGH, N.C. (AP) — A hearing has started in North Carolina over the insurance industry’s request to raise homeowner premiums by more than 42% on average. A top lieutenant for Insurance Commissioner Mike Causey began hearing what’s expected to be multiple weeks of testimony and evidence on Monday. Any decision would likely come by year’s end. An industry attorney said inflation and more storms require rate increases to ensure c…

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Home insurers argue for a 42% average premium hike in North Carolina

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Home insurers argue for a 42% average premium hike in North Carolina – KION546

Home insurers argue for a 42% average premium hike in North Carolina

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