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RALEIGH — The N.C. Rate Bureau requested a statewide average rate increase of 19.2 percent, varying by territory, with a requested effective date of July 1, 2020.

The filing includes a requested increase of 24.3 percent in extended (wind) coverage and an increase of 4.6 percent in fire coverage. The proposed rate increases are capped by territory at 30 percent for extended coverage and 5 percent for fire coverage.

The N.C. Rate Bureau represents all companies writing property insurance in the state.

The filing will be reviewed by N.C. Department of Insurance experts to determine what, if any, rate adjustments are warranted. If NCDOI and the Rate Bureau do not initially agree on the proposed rate changes, a public hearing will be called in which both parties would present their cases to a hearing officer, who would then determine the appropriate rate level.

The filing is available for public review on the Department of Insurance website at

People who want to comment on the rate request may do so by sending an email to or by mail to: N.C. Department of Insurance, Attn. Mary Faulkner, Legal Division, 1201 Mail Service Center, Raleigh, N.C. 27699-1201. Comments will be accepted through Sept. 26, 2019.

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