{"id":24357,"date":"2025-11-04T15:37:59","date_gmt":"2025-11-04T15:37:59","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=846390"},"modified":"2025-11-04T15:37:59","modified_gmt":"2025-11-04T15:37:59","slug":"north-carolina-rate-bureau-calls-for-68-dwelling-policy-rate-hike-over-2-years","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/11\/04\/north-carolina-rate-bureau-calls-for-68-dwelling-policy-rate-hike-over-2-years\/","title":{"rendered":"North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2025\/05\/rent-580x386.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2025\/05\/rent-scaled.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2025\/11\/04\/846390.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2025\/11\/04\/846390.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>The North Carolina Rate Bureau is asking for 28.5% and 31% average rate increases for dwelling policies over the next two years, numbers that will likely be reduced after negotiations with the state insurance commissioner.<\/p>\n<p>The Rate Bureau, representing insurance carriers in the state, has recommended hefty rate increases over the last few years in dwelling, homeowners, mobile home and auto policies. But after review by the Department of Insurance, the final increases were significantly reduced.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"pricing-trends\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>Commissioner Mike Causey said in a bulletin that the last time the Bureau made a dwelling policy rate filing was in 2023. The organization called for a 51% increase, but later settled on an 8% increase, Causey said. In late 2024, the Rate Bureau urged a 42% average rate hike for homeowners\u2019 policies, but that was negotiated down to 15%.<\/p>\n<p>Dwelling policies cover rental properties and other non-owner-occupied properties of no more than four units.<\/p>\n<p>Public comments on the proposed latest increase can be emailed to <a href=\"mailto:2025DwellingandFire@ncdoi.gov\">2025DwellingandFire@ncdoi.gov<\/a>. Written comments can be mailed to Kimberly W. Pearce, 1201 Mail Service Center, Raleigh, NC 27699-1201.<\/p>\n<p><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2025\/07\/09\/830815.htm\"><strong>Related: Time to Change North Carolina\u2019s Antiquated Rate Bureau System?<\/strong><\/a><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/pricing-trends\/\" class=\"btn btn-sm btn-primary tagtag\">Pricing Trends<\/a> <a href=\"https:\/\/www.insurancejournal.com\/location\/north-carolina\/\" class=\"btn btn-sm btn-primary tagtag\">North Carolina<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"846390\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Pricing Trends<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments The North Carolina Rate Bureau is asking for 28.5% and 31% average rate increases for dwelling policies over the next two years, numbers that will likely be reduced after negotiations with&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":24358,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1743,1744,1,1588,1745,1746,45],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/11\/north-carolina-rate-bureau-calls-for-68-dwelling-policy-rate-hike-over-2-years.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24357"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=24357"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/24358"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=24357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=24357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=24357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}