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

Michigan Auto Insurance News

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…

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Homeowners insurance companies in NC ask to increase rates

North Carolina Homeowners Insurance Rates

The permission of policyholders is being requested for price hikes in North Carolina. Homeowners insurance companies have been contacting their customers in North Carolina in order to request their permission for a rate increase that is extremely high in some cases. Some property owners received letters that are asking for approval of astronomical hikes. In some instances, the new premiums requested by the homeowners insurance companies were over 50 percent higher than the maximum approved rate in the state. An example of this scenario occurred on January 20, when a…

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