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NC insurance commissioner explains why he rejected higher insurance rates

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On Tuesday, the North Carolina Department of Insurance announced Commissioner Mike Causey rejected a proposal by insurance companies to increase homeowners’ insurance rates by 42% across the state.

The proposed rate increases varied by county. Insurance companies along the coast wanted to nearly double those rates due to severe weather concerns.

MORE: https://www.wfmynews2.com/article/news/local/2-wants-to-know/nc-insurance-commissioner-explains-why-he-rejected-higher-insurance-rates-homeowner-home/83-02171a9d-4886-41b3-bcc8-0444c6c08306

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