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Base rates for North Carolina homeowners' insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry.
North Carolina Insurance Commissioner Mike Causey, right, speaks to the media before a hearing on homeowners' premium insurance rates in the state Department of Insurance building in Raleigh, N.C ...
Setting rates is a “delicate balancing act,” said Joe Stewart, vice president for government affairs of the Independent Insurance Agents of North Carolina. The current economic climate makes ...
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
North Carolina is the only state to require that a driver hold liability insurance before a license can be issued. North Carolina does allow for a "fleet license" to be issued if the license holder has no insurance, however the fleet license only allows for the driver to operate vehicles owned and insured by their employer. The license holder ...
North Carolina’s home and auto insurance rates have increased more than inflation, thanks to a commissioner who is more concerned about himself than you. He’s allowed rates to increase, with ...
The Albemarle Building houses the North Carolina Department of Insurance. Article III, Section 7, of the Constitution of North Carolina stipulates the popular election of the commissioner of insurance every four years. The office holder is not subject to term limits. [10] North Carolina is one of 11 states to have an elected insurance ...
We also need an Insurance Commissioner who will stop insurance companies from using “consent to rate” (CTR) notices to charge so many North Carolina home and auto policyholders up to 2.5 times ...
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