North Carolinians to see an average 15% rate increase for homeowners’ insurance over two years

State Insurance Commissioner Mike Causey and insurance companies have negotiated a 15% rate increase for homeowners insurance over two years. Under the settlement, which ends the N.C. Department of Insurance’s legal dispute with insurance companies, the average rate will increase by 7.5% on June 1 and 7.5% on June 1, 2026. The N.C. Rate Bureau […]