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Auto insurance rates in North Carolina may be on their way up

March 21, 2013March 19, 2013 G. Turner

The latest proposal in the state would change the way that the premiums are regulated. A newly proposed change to North Carolina law would make a dramatic change to the way that the state regulates its auto insurance rates, which some are concerned would mean that the premiums will soon be on the rise. At the moment, North Carolina is the only state where a rate bureau caps the rates that can be charged. However, a number of bills have been proposed which would give auto insurance companies the ability…

Homeowners insurance rate hike leads Commissioner to call hearing

January 26, 2013April 30, 2013

This was a response to NC insurers that have requested considerable premiums increases. Wayne Goodwin, the commissioner for North Carolina, has ordered a hearing in response to the request that homeowners insurance companies in the state have made requests to their policyholders for an increase in their premiums. The commissioner feels that the proposed rates are unfairly discriminatory and excessive. This story was first reported by Insurance News Report on January 23, 2013, but it has since then developed to the point that the commissioner has felt the need to…

Auto insurance companies in NC want rate changes

December 28, 2012December 28, 2012 H. Cutner

Insurers in North Carolina are hopeful that the industry in the state will undergo alterations. The North Carolina auto insurance industry is currently divided between the companies that would like things to remain the same as they are now, and those that are hoping to give next year another try for changing the state’s unique regulatory system in order to be able to alter the rates. At the moment the state has some of the cheapest rates in the entire country. The industry will be arguing that the reason that…