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.

Medicaid and federal funding cuts risk destabilizing community health centers in rural North Carolina, crucial for low-income residents managing chronic diseases. Understand regulatory and market impacts.

A proposed 23% increase in auto insurance rates in North Carolina is slated for a hearing on September 22, 2023, amid rising vehicle costs and new liability regulations.