RALEIGH: August hearing for NC home insurance increase - WNCN: News, Weather

August hearing for NC home insurance increase

Posted: Updated:
RALEIGH, N.C. -

North Carolina's top insurance regulator is scheduling an August hearing for insurance companies to explain their request to raise the cost of homeowners coverage by an average of 25 percent.
    
Insurance Commissioner Wayne Goodwin's office said Wednesday the hearing was needed after insurance companies represented by the North Carolina Rate Bureau provided too little detail on why they need such a large increase. Goodwin's staff said the requested rate increases may be excessive and unfairly discriminatory.
    
The rates were increased by an average of 7 percent increase starting in July.
    
Rate Bureau insurance operations director Sue Taylor says companies haven't had time to study Goodwin's reasons for calling a hearing, but that August is a reasonable time frame. Companies say the requested increase is mostly based on claims projections.

  • Trending StoriesTrending StoriesMore>>

  • 77-year-old questioned, defended as true Marine after NFL player takes his photo

    77-year-old questioned, defended as true Marine after NFL player takes his photo

    Tuesday, July 22 2014 1:58 PM EDT2014-07-22 17:58:35 GMT
    (WMC) - It was a story that made its rounds on social media. On a recent flight DeAngelo Williams, Mid-Southerner and running back for the Carolina Panthers, gave his first-class plane seat to a 77-year-old
    Family members are upset and hurt that their relative, James Wesley Bolden, is being called a liar and "a fake."
  • Durham police release video of 3 teens who left homemade bomb on bus

    Durham police release video of 3 teens who left homemade bomb on bus

    Wednesday, July 23 2014 8:03 PM EDT2014-07-24 00:03:17 GMT
    Police tape surrounds a Bull City Connector bus after a homemade chemical bomb exploded on board.Police tape surrounds a Bull City Connector bus after a homemade chemical bomb exploded on board.
    Durham police said Wednesday that three teens getting off a Bull City Connector bus left a drink bottle that exploded around 9:35 p.m. Tuesday.
    Durham police said Wednesday that three teens getting off a Bull City Connector bus left a drink bottle that exploded around 9:35 p.m. Tuesday.
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
Powered by WorldNow

1205 Front St., Raleigh
N.C., 27609

Telephone: 919.836.1717
Fax: 919.836.1687
Email: newstips@wncn.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.