Homeowners · Settled

Rate Bureau requested 17.4%; settled at 4.0% effective May 1, 2019

Filed
November 1, 2018
Requested
+17.4%
Approved
+4.0%
Effective
May 1, 2019

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 17.4%. The settled statewide average was 4.0%, applied unevenly by territory, effective May 1, 2019.

Timeline

  1. May 1, 2019 · Took effect

    4.0% took effect

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

    NCRBMay 1, 2019

  2. February 19, 2019 · Settled

    Settled at 4.0%

    The settlement set a 4.0% statewide average.

    NCDOIHO-2019-SETTLEMENTFeb 19, 2019

  3. November 1, 2018 · Filed

    Rate Bureau filed a 17.4% homeowners request

    The Rate Bureau filed for a 17.4% statewide average increase.

    NCRBP-18-11Nov 1, 2018

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+6.1%May 1, 2019Brunswick, Carteret, Dare, New Hanover, Onslow, Pender
120 — Coastal Remainder+5.4%May 1, 2019Beaufort, Camden, Chowan, Currituck, Hyde, Pamlico, Pasquotank, Perquimans and 2 more
130 — Eastern Coastal Plain+4.6%May 1, 2019Bertie, Bladen, Columbus, Craven, Duplin, Gates, Greene, Hertford and 7 more
140 — Northeastern Piedmont Plain+4.1%May 1, 2019Edgecombe, Franklin, Granville, Halifax, Harnett, Johnston, Nash, Vance and 2 more
150 — Sandhills+3.9%May 1, 2019Anson, Chatham, Cumberland, Hoke, Lee, Montgomery, Moore, Richmond and 2 more
160 — Charlotte Metro+3.6%May 1, 2019Cabarrus, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanly and 1 more
170 — Triad+3.4%May 1, 2019Alamance, Caswell, Davidson, Davie, Forsyth, Guilford, Person, Randolph and 4 more
180 — Triangle+3.5%May 1, 2019Durham, Orange, Wake
190 — Foothills and Northern Mountains+3.1%May 1, 2019Alexander, Alleghany, Ashe, Avery, Burke, Caldwell, Catawba, McDowell and 4 more
200 — Western Mountains+2.7%May 1, 2019Buncombe, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon and 5 more

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