NC Department of Insurance

Business & Economy
8:49 am
Mon October 20, 2014

NC Insurance Dept. To Consider 25 Percent Rate Increase

The agency representing residential insurance companies will make the case today for why they should be allowed to raise premiums an average of 25 percent.
Credit Gray Watson / Wikipedia

Residential insurance companies want to raise their premium rates by an average of 25 percent. The N.C. Department of Insurance will hold a public hearing on the issue today.

It will be up to Insurance Commissioner Wayne Goodwin to decide whether a rate increase is excessive, inadequate or unfairly discriminatory.

The North Carolina Rate Bureau represents all 150 residential insurance companies in the state. Last year the Department of Insurance and the Rate Bureau agreed to the rates rather than going to a hearing.

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Politics & Government
8:00 am
Sat January 25, 2014

Live By The Coast? Insurers Want Permission To Raise Rates Dramatically

Calabash is a small fishing town in Brunswick County, North Carolina
Credit Town of Calabash

Aaah, the coast. Those salt breezes. The tasty fresh seafood. The high insurance rates? Not if some mayors and business owners across North Carolina's coastal region have their say. The groups are banding together to contest a proposal to increase home insurance rates in counties that line the coast of North Carolina.

The industry group for insurance companies in North Carolina has requested the state's permission to increase rates up to 35 percent in coastal counties. In other parts of the state, the rise in rates would average 25 percent.

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Business & Economy
5:55 am
Fri October 7, 2011

Insurance Disputes Create Frustration On Coast

Wayne Goodwin
Credit NC DOI

The North Carolina Department of Insurance has set up a series of temporary insurance assistance centers in areas hardest hit by Hurricane Irene. The centers are designed to help customers who believe they are not being treated fairly by insurance companies.

Insurance Commissioner Wayne Goodwin decided to open the centers after his office fielded a steady stream of complaints from customers in coastal counties.

Goodwin says many complaints have centered on non-existent or non-communicative insurance adjusters.

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Politics & Government
5:40 pm
Thu April 21, 2011

NC Dept of Insurance Offers Mediation For Tornado Claims

Home and business owners who file insurance claims in the wake of last weekend's storm and have a dispute with their insurer could be eligible for a state mediation program. 

Insurance Commissioner Wayne Goodwin activated the program earlier this week in anticipation of problems as many people put in claims for storm damage. 

Spokeswoman Kerry Hall from the state Department of Insurance says her office is starting to get calls from people with questions:

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