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
July 1, 2013 · Took effect
7.0% took effect
The settled rates applied to new and renewal policies written on or after this date.
March 15, 2013 · Settled
Settled at 7.0%
The settlement set a 7.0% statewide average, distributed unevenly by territory.
October 11, 2012 · Filed
Rate Bureau filed a 17.7% homeowners request
The Rate Bureau filed for a 17.7% statewide average increase.
Documents
- SettlementHO-2013-SETTLEMENTNCDOINCDOIHO-2013-SETTLEMENT
- CircularP-12-9NCRBNCRBP-12-9