Insurance professionals across North Carolina are closely watching the negotiations between state regulators and insurance companies over proposed increases in homeowner insurance premiums, particularly for coastal regions.
Tag: insurance rate hikes
CA Gov. Newsom’s Insurance Crisis Bill Lets Carriers Hike Rates Faster
Gov. Gavin Newsom just released part of his solution to California’s home insurance crisis, and it boils down to a push to allow carriers to move faster to raise rates.
10 States, Local Governments Sue FEMA Over Higher Flood Insurance Rates
Ten states and dozens of municipalities are suing the Biden administration over rate hikes in the National Flood Insurance Program. That program offers coverage in high-risk flood areas and is administered by FEMA.