Homeowners · Settled

Rate Bureau requested 17.7%; settled at 7.0% effective July 1, 2013

Filed
October 11, 2012
Requested
+17.7%
Approved
+7.0%
Effective
July 1, 2013

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

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

What this filing means

The requested statewide average was 17.7%. The settled statewide average was 7.0%, applied by territory, effective July 1, 2013.

Timeline

  1. July 1, 2013 · Took effect

    7.0% took effect

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

    NCRBJul 1, 2013

  2. March 15, 2013 · Settled

    Settled at 7.0%

    The settlement set a 7.0% statewide average, distributed unevenly by territory.

    NCDOIHO-2013-SETTLEMENTMar 15, 2013

  3. October 11, 2012 · Filed

    Rate Bureau filed a 17.7% homeowners request

    The Rate Bureau filed for a 17.7% statewide average increase.

    NCRBP-12-9Oct 11, 2012

Documents