The state has refused a recent request made by the industry to increase the premiums paid by policyholders. Wayne Goodwin, the Insurance Commissioner in North Carolina, has now denied the request made by the homeowners insurance industry, which had been for an average of 25.6 percent on the rates paid by policyholders across the state. This ruling followed a hearing that was held over 12 days, in October and into November to consider the proposal. That was the first homeowners insurance hearing of its kind that has taken place in…
Read MoreHomeowners insurance rate hike request in North Carolina denied
