Commissioner Orders Hearing On Proposed Homeowner Insurance Hike

The state insurance commissioner has called for a formal hearing on a proposal that could jack up homeowner insurance rates by an average 25%.

Commissioner Wayne Goodwin say it appears the hike is excessive and unfairly discriminatory.

Insurance companies, represented by the North Carolina Rate Bureau, requested the increase on January 3rd.

In the east, homeowners living in Lenoir, Greene, Duplin, coastal Onslow, and Carteret counties would see their premiums jump by 35%.

Martin and Pitt counties are looking at a 22% hike, while Bertie County home insurance would increase by nearly 17%.

Homeowners say this proposal hits the middle class the hardest.

The hearing will be held August 6th in Raleigh.

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