North Carolina Insurance Commissioner Mike Causey has rejected the North Carolina Rate Bureau's proposed average homeowners insurance rate hike of 42%. The decision came after a bipartisan coalition, led by Rep. Greg Murphy, submitted a letter opposing the increase, which was echoed by Rep. Rich Hudson calling it a 'big WIN for hardworking families'. A hearing is set for October to further discuss the issue.
NC Insurance Commissioner rejects industry request for 42% hike to home insurance rates https://t.co/KNwOmczGA6 https://t.co/9BO5P72RDB
North Carolina's top insurance regulator has denied an industry request to raise homeowners' insurance premiums by an average of 42% - and to almost double them in parts of coastal counties - saying Tuesday that "almost nobody" who weighed in agreed... https://t.co/pdw4ho3vLH
The silver lining of all that heavy rain? Drought in Western North Carolina is gone. By @chicknich: https://t.co/CyKtqxXcZC
Glad to see NC Insurance Commissioner Causey listened to my, @RepGregMurphy, and our colleagues’ calls to reject plans to raise home insurance rates for North Carolinians. This is a big WIN for hardworking families in the Sandhills and across our state! https://t.co/sZb1DqzR1t
NC Insurance Commissioner Mike Causey has rejected the NC Rate Bureau’s request to increase homeowner’s insurance rates by an average of 42% across the state. Hearing is set for October. (H/t @LillyKnoepp) https://t.co/p8B2RNvixO
I’m very glad to see NC Insurance Commissioner Causey has rejected the Rate Bureau’s proposed homeowners insurance hike. Thank you to the bipartisan coalition that joined the letter I led in urging this bold action to protect homeowners across the state. https://t.co/eIo8GqTeR3
I’m very glad to see NC Insurance Commissioner Causey has rejected the Rate Bureau’s proposed homeowners insurance hike. Thank you to the bipartisan coalition that joined me in urging this bold action to protect folks across the state. https://t.co/eIo8GqTeR3