Dwelling · Settled

Dwelling requested 21.9%; settled at 4.0% effective April 1, 2021

Filed
September 14, 2020
Requested
+21.9%
Approved
+4.0%
Effective
April 1, 2021

Requested: Statewide average requested. First-pass entry — verify.

Outcome: Settlement with the Department of Insurance. First-pass entry — verify.

What this filing means

The requested statewide average was 21.9% and the settled statewide average was 4.0%, effective April 1, 2021.

Timeline

  1. April 1, 2021 · Took effect

    4.0% took effect

    The settled dwelling rates applied on or after this date.

    NCRBApr 1, 2021

  2. January 12, 2021 · Settled

    Settled at 4.0%

    The settlement set a 4.0% statewide average.

    NCDOIDW-2021-SETTLEMENTJan 12, 2021

  3. September 14, 2020 · Filed

    Rate Bureau filed a 21.9% dwelling request

    The Rate Bureau filed for a 21.9% statewide average increase.

    NCRBP-20-9Sep 14, 2020

Approved change by territory

A single approved statewide average is distributed unevenly across the rate territories. This is the per-territory outcome for this filing.

Approved percentage and effective date for each rate territory in this filing.
TerritoryApprovedEffectiveCounties
110 — Beach Area and Ocean Front+6.4%April 1, 2021Brunswick, Carteret, Dare, New Hanover, Onslow, Pender
120 — Coastal Remainder+5.5%April 1, 2021Beaufort, Camden, Chowan, Currituck, Hyde, Pamlico, Pasquotank, Perquimans and 2 more
130 — Eastern Coastal Plain+4.4%April 1, 2021Bertie, Bladen, Columbus, Craven, Duplin, Gates, Greene, Hertford and 7 more
140 — Northeastern Piedmont Plain+3.9%April 1, 2021Edgecombe, Franklin, Granville, Halifax, Harnett, Johnston, Nash, Vance and 2 more
150 — Sandhills+3.7%April 1, 2021Anson, Chatham, Cumberland, Hoke, Lee, Montgomery, Moore, Richmond and 2 more
160 — Charlotte Metro+3.5%April 1, 2021Cabarrus, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanly and 1 more
170 — Triad+3.3%April 1, 2021Alamance, Caswell, Davidson, Davie, Forsyth, Guilford, Person, Randolph and 4 more
180 — Triangle+3.4%April 1, 2021Durham, Orange, Wake
190 — Foothills and Northern Mountains+3.0%April 1, 2021Alexander, Alleghany, Ashe, Avery, Burke, Caldwell, Catawba, McDowell and 4 more
200 — Western Mountains+2.6%April 1, 2021Buncombe, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon and 5 more

Documents