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The North Carolina Department of Insurance received a dwelling insurance rate filing from the North Carolina Rate Bureau on Thursday, Aug.18. The Rate Bureau is seeking a statewide average increase of 42.6%, requesting 19.6% effective April 1, 2023, and a 19.2% increase effective April 1, 2024.
North Carolina Insurers File for 18.7% Increase on Dwelling Policies December 16, 2020 The North Carolina Rate Bureau, which represents all companies writing property insurance in the state, is seeking an 18.7% statewide average increase in dwelling policies. The North Carolina Department of Insurance said it received the filing for the rate hike from NCRB on Monday, Dec. 14. If approved, the increase would be effective Sept. 1, 2021. The NCRB is not part of NCDOI. Dwelling insurance policies are not homeowners’ insurance policies. Dwelling policies are o...