The North Carolina Department of Insurance published a press release announcing that the dwelling rate hearing will be rescheduled to July 6, 2026. The hearing was initially scheduled for May 4, 2026.
The Rate Bureau filed a proposed one-year average increase of 28.5% for dwelling insurance with the Department on October 30, 2025, and a proposed two-year average increase of 30.9%.
The Department aims to reach a settlement with the Rate Bureau, but if no settlement is made, the hearing will be held on July 6, 2026. The Rate Bureau previously filed a proposed increaseof 50.6% in July 2023, but the parties reached a settlement of 8%.
The press release can be found here.
Ray Sugrim
Ray Sugrim is an Insurance Editor with FC&S Expert Coverage Interpretation, a division of National Underwriter Company and Arc Network. Ray is responsible for helping develop and edit content for subscribers. Ray is a St John’s University graduate with a degree in Risk Management & Insurance and is a CPCU candidate.