In a significant decision impacting Gulf Coast property owners, Texas’ top insurance official has blocked a proposed 10% rate increase for homeowners and business owners in the region, arguing it would create undue financial hardship.
Tag: rate hike
North Carolina Rate Bureau Seeks Average 42.2% Homeowners Rate Hike
The North Carolina Rate Bureau, representing the state’s homeowners insurers, is seeking an average statewide homeowners rate increase of 42.2%, Insurance Commissioner Mike Causey’s office said.