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NC homeowners’ insurance set to rise under settlement | Raleigh News & Observer

Summary by Carolina Journal
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 average statewide base rate increase by 7.5% on June 1, and 7.5% on June 1, 2026. The Rate Bureau…
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