North Carolina announces a 5% average auto insurance premium increase starting October 1 after a regulatory settlement, with a notable 16.3% decrease in motorcycle liability insurance rates statewide.
North Carolina's new SB 452 law raises minimum auto insurance liability limits, mandates underinsured motorist coverage, extends surcharges for inexperienced drivers and moving violations, leading to premium increases starting July 2024.
North Carolina's Insurance Commissioner approves a 5% average increase in automobile insurance rates and a 16.3% decrease in motorcycle liability premiums, highlighting regulatory adjustments and market impacts starting October 1, 2025.
North Carolina's automobile insurance rates will increase by an average of 5% starting October 1, following a regulatory settlement that also lowers motorcycle liability insurance rates by 16.3%. This marks a significant reduction from the originally requested 22.6% auto rate hike.
North Carolina announces a 5% average auto insurance rate hike effective October 2025 under a settlement with the Rate Bureau. Insights on market impact and regulatory context.
North Carolina Insurance Commissioner announces a 5% average increase in auto insurance rates and a 16.3% decrease in motorcycle rates, effective October 2025, balancing market pressures and consumer protections.
North Carolina homeowners face up to 15% base rate increases over two years following a negotiated settlement balancing insurer costs and consumer protection. Rates vary regionally and reflect recent hurricane impacts and market conditions.
North Carolina moves forward with legislative efforts to regulate pharmacy benefit managers, aiming to increase transparency and fair reimbursement for independent pharmacies amid rising drug prices.
North Carolina’s House budget plan for fiscal years 2026-2027 includes Medicaid funding changes, child care subsidy increases, mental health service cuts, and controversy over funding for the UNC-Duke children’s hospital. Key stakeholders weigh in on implications.
North Carolina's Department of Insurance Market Regulation Division secured $24.7 million in consumer refunds and over $1.8 million in fines from 2020-2024, ensuring insurer compliance and protecting policyholders.
