The North Carolina Rate Bureau, representing home insurers, settled for two 7.5% increases this year and next, after originally seeking a 42% rate increase.

That amount is approximately $777 million in insurance premiums over the next two years compared to what the insurance companies requested. Since I took office in 2017, I have said “No” to every proposed increase sent by the Bureau.

Under the rates negotiated by Insurance Commissioner Mike Causey, the highest increases will come on the coast and in the Coastal Plain.

North Carolina's Insurance Commissioner Mike Causey has negotiated a settlement reducing a proposed homeowners' insurance rate hike from 42.2% to a series of 7.5% increases over two years.

The North Carolina Department of Insurance has announced that Buncombe and Henderson counties will see substantially lower increases than originally predicted in 2025 and 2026.

The deal between NC and the insurance industry calls for an average 15% increase by mid-2026. But many coastal areas will see much steeper increases.

The North Carolina Department of Insurance has ended its legal dispute with insurance companies regarding proposed homeowners' insurance rate increases, accordi

A settlement has been reached by North Carolina's Insurance Department and the industry that sells homeowner policies.

GREENSBORO, N.C. — In North Carolina homeowners insurance rates are going up in June of 2025 and then again in June 2026. How much? The percentage increase each year can be almost nothing to 16% depending on where you live.

Homeowners in North Carolina will see their base insurance premiums increase by an average of 15 percent by mid-2026

The agreement announced Friday by state Insurance Commissioner Mike Causey contrasts with the January 2024 request by the North Carolina Rate Bureau, which represents insurance companies ...

The NC Department of Insurance saved or recovered $144 million for residents in 2024, a record amount since 2017.