Warning: Creating default object from empty value in /home3/inspo77/public_html/wp-includes/ms-load.php on line 113
Homeowners insurance rate hike leads Commissioner to call hearing

Homeowners insurance rate hike leads Commissioner to call hearing

Homeowners insurance rate hike leads Commissioner to call hearing
News from Live Insurance News:

Wayne Goodwin, the commissioner for North Carolina, has ordered a hearing in response to the request that homeowners insurance companies in the state have made requests to their policyholders for an increase in their premiums.

The commissioner feels that the proposed rates are unfairly discriminatory and excessive.

This story was first reported by Insurance News Report on January 23, 2013, but it has since then developed to the point that the commissioner has felt the need to get involved. The homeowners insurance companies, which are represented by the North Carolina Rate Bureau, have made a request to increase their rates by an average of 17.7 percent across the state. This does mean, however, that some policyholders would face considerably higher or somewhat lower hikes.

Goodwin has therefore ordered a homeowners insurance rate hearing to be held in June.

The hearing itself will be open to the public, and will take place on June 3, 2013, at 10 am in Raleigh. The commissioner, himself, will play the role of the hearing officer and will listen to the Rate Bureau and Department of Insurance experts in order to decide if any changes to the

… Read the full article


Related News:

1930 Ad Aetna Homeowner Insurance Liability Fire Damage – Original Print Ad
This is an original 1930 black and white print ad for Aetna Insurance Company, featuring an amazing illustration….
Londons Times Funny Animals Cartoons – Three Little Pigs And Homeowners Insurance – Coffee Gift Baskets – Coffee Gift Basket
Three Little Pigs And Homeowners Insurance Coffee Gift Basket is measuring 9x9x4. Contains 15oz mug, BONUS free set of 4 coasters,…