“Simply put, severe storm damage is becoming more common, it's impacting more homes, and it’s more expensive to rebuild afterwards," the NC Rate Bureau said.
Rates increased on average by 7.5% as of June 1 and will rise another 7.5% on June 1, 2026, making owning a home in North Carolina more expensive.
Homeowners’ insurance rates will increase on average by 15% statewide over the next two years, a significantly lower rate than the average 42.2% rate increase the North Carolina Rate Bureau (NCRB) was seeking. North Carolina Insurance Commissioner Mike Causey announced Friday morning that his office and the NCRB signed an agreement that will see the...
North Carolina homeowners will know the results of a request made by the North Carolina Rate Bureau (NCRB) to raise homeowners’ insurance rates an average of 42.2% in the next week or so according to North Carolina Insurance Commissioner Mike Causey.
Legislation moving through the General Assembly would improve North Carolina's coastal property insurance situation, but it would also leave long-term problems unresolved.
It's only fair that people who live in hurricane-prone areas should pay more for property insurance.
But Rep. Hugh Holliman, majority leader of the N.C. House, has a message for Carolinians on the coast: the pain is still coming.
There are a number of specific areas where free-market conservatives and environmentalists can and do work together to improve public-policy outcomes.
Under the general category of “A Little Knowledge is a Dangerous Thing,” there should be a file folder labeled “Their Fair Share.”
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