Homeowners · Settled
Rate Bureau requested a 19.5% statewide homeowners increase; settled at 4.05%
- Filed
- November 14, 2008
- Requested
- +19.5%
- Approved
- +4.0%
- Effective
- May 1, 2009
Requested: Statewide average requested by the Rate Bureau. First-pass entry — verify against the circular.
Outcome: Settlement with the Department of Insurance. First-pass entry — verify against the settlement document.
What this filing means
The Rate Bureau asked for a 19.5% statewide average increase. The Department of Insurance and the Bureau settled at 4.05%, which took effect on new and renewal policies written on or after May 1, 2009.
Timeline
May 1, 2009 · Took effect
4.05% took effect
The settled rates applied to new and renewal policies written on or after this date.
February 6, 2009 · Settled
Settled at 4.05%
The Department of Insurance and the Rate Bureau settled at a 4.05% statewide average.
November 14, 2008 · Filed
Rate Bureau filed a 19.5% homeowners request
The Rate Bureau filed for a 19.5% statewide average homeowners increase.
Documents
- SettlementHO-2009-SETTLEMENTNCDOINCDOIHO-2009-SETTLEMENT
- CircularP-08-6NCRBNCRBP-08-6