North Carolina homeowners will know the results of a request made by the North Carolina Rate Bureau (NCRB) to raise homeowners’ insurance rates an average of 42.2% in the next week or so according to North Carolina Insurance Commissioner Mike Causey.
The NCRB represents private insurance companies seeking the increase.
The hearing, which got underway on Oct. 7, recently wrapped up. State law gives the insurance commissioner 45 days to issue an order once the hearing concludes…