The N.C. Department of Insurance recently resolved a legal dispute with the North Carolina Rate Bureau (NCRB). The dispute revolved around the proposed 24.5% homeowners’ insurance rate increase that the N.C. Rate Bureau was requesting. The two agreed on an average rate increase of 7.9%. The agreement was announced by Insurance Commissioner Mike Causey in […]
Home in Panama City, Florida suffers from wind and hail damage in 2018. This damaged house is from hurricane Michael. Hailstorms can do a tremendous amount of damage to your house and roof in very short amount of time and if you are not properly insured you could end up having to cover the cost […]
Tropical Storm Henri hit the Northeast pretty hard over the last week and for many homeowners the pain caused by the storm could just be getting started. Unfortunately, many homeowners may be underinsured or not have the right coverage in place when it comes to tropical storm and hurricane damage. A recent study by Policygenius […]
North Carolina Insurance Commissioner Mike Causey recently announced that the North Carolina Rate Bureau (NCRB) has requested a 24.5% statewide average increase in homeowners’ insurance rates which will take effect in August 2021. The NCRB is an industry group that represents insurance companies that write insurance policies in North Carolina, it is not a part […]
Hurricane Isaias is on roughly the same track as Hurricane Dorian and is the first hurricane to hit the Bahamas since Dorian stalled over the islands as a Category 5 monster killing dozens of people and causing massive destruction. Here is a quick overview of both storms as well as a few tips on how […]
If you are a first-time homebuyer you may be looking for the perfect location to call home. Moving to another city or state may help you find not only a great new city to live in but also help you get a better deal on your brand-new home. The Mortgage Research Center took a look at […]
Beautiful sunset view of Front Street in Beaufort, the third-oldest town in North Carolina, located in Carteret County North Carolina residents could be some of the first in the country to have a state backed private flood insurance policy as an alternative to the Federal Emergency Management Agency’s National Flood Insurance Program. Insurance Commissioner Mike […]
Overlooking Banks Channel in Wrightsville Beach, North Carolina If you are lucky enough to own a house on the coast in North Carolina, but don’t live in it full time, there is a very good chance that you will be paying more for wind insurance starting July 1st. The N.C. Rate Bureau, an industry group […]
Roanoke Marshes Lighthouse – Manteo NC (Dare County, North Carolina) North Carolina homeowners will be experiencing higher premiums for homeowners insurance starting next spring, but the pain is nowhere near as bad as it could have been. Mike Causey, North Carolina’s Insurance Commissioner managed to negotiate the rate increase requested by the North Carolina Rate […]
Congress is getting ready to send President Donald Trump the thirteenth 60-day extension of the National Flood Insurance Program (NFIP) as the current one expires at the end of September. The NFIP has been in serious financial trouble for years but Congress has been unable to agree on how to fix the ailing program. The […]