"The Department of Insurance has received more than 24,000 emailed comments on this proposal, with hundreds more policyholders commenting by mail," Causey said in a release. "Scores more consumers spoke during a public comment forum. North Carolina consumers deserve a more thorough review of this proposal. I intend to make sure they get that review." Credit: Brazhyk/Adobe Stock
North Carolina Insurance Commissioner Mike Causey denied a proposed 42.2% (averaged) home insurance rate increase, noting that he did not see evidence to justify the increase and that homeowners were shocked by the request.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
