Insurers in North Carolina submitted a rate filing for a statewide average increase in homeowners rates of 25.3%, a request that drew an angry response from the state's insurance commissioner.
The request, submitted Jan. 3 by the North Carolina Rate Bureau (NCRB) on behalf of insurers in the state, seeks rate changes that range from -2.7% to +35%, the Department of Insurance says.
Insurance Commissioner Wayne Goodwin issued a statement criticizing the request. He says, "New homeowners insurance rates went into effect in July 2013. I am appalled that the insurance companies would request another increase just six months later."
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