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

  1. May 1, 2009 · Took effect

    4.05% took effect

    The settled rates applied to new and renewal policies written on or after this date.

    NCRBMay 1, 2009

  2. February 6, 2009 · Settled

    Settled at 4.05%

    The Department of Insurance and the Rate Bureau settled at a 4.05% statewide average.

    NCDOIHO-2009-SETTLEMENTFeb 6, 2009

  3. November 14, 2008 · Filed

    Rate Bureau filed a 19.5% homeowners request

    The Rate Bureau filed for a 19.5% statewide average homeowners increase.

    NCRBP-08-6Nov 14, 2008

Documents