Commissioner Causey Reschedules Dwelling Rate Hearing to July 6
Summary
Insurance Commissioner Mike Causey has rescheduled the dwelling insurance rate hearing from May 4 to July 6, 2026. The N.C. Rate Bureau had filed a proposed statewide average 68.3% dwelling insurance rate increase on October 30, 2025, with a year one increase of 28.5% effective July 1, 2026, and a year two increase of 30.9% effective July 1, 2027. The Department and Rate Bureau indicate progress toward a settlement, necessitating additional time to finalize terms.
What changed
The hearing date for the proposed dwelling insurance rate increase has been pushed from May 4 to July 6, 2026. The delay is attributed to ongoing settlement negotiations between the North Carolina Department of Insurance and the N.C. Rate Bureau. The Rate Bureau originally filed the 68.3% total rate increase proposal on October 30, 2025.
Affected parties include owners of non-owner-occupied residential properties with up to four units, including rental and investment property owners in North Carolina. If no settlement is reached, the proposed increases of 28.5% in year one and 30.9% in year two could take effect as scheduled. Property owners should monitor settlement developments and prepare for potential significant premium increases.
What to do next
- Monitor for settlement updates between the NCDOI and Rate Bureau
- Attend the July 6 hearing if no settlement is reached
Archived snapshot
Apr 13, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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RALEIGH Apr 13, 2026 Insurance Commissioner Mike Causey has rescheduled the hearing for the insurance industry’s proposed statewide average 68.3% dwelling insurance rate increase to July 6. The hearing had been scheduled for May 4.
“The Department of Insurance and the N.C. Rate Bureau have made progress in reaching a settlement,” Commissioner Causey said. “More time is needed to work out the details of a settlement.”
The Rate Bureau, which represents the insurance companies in the state and is not a part of the N.C. Department of Insurance, filed a proposed increase with the Department on Oct. 30, 2025. The proposed year one average statewide increase of 28.5% would have taken effect on July 1, 2026, with the proposed year two average statewide increase of 30.9% taking effect on July 1, 2027.
The hearing will be held if the Department and Rate Bureau are unable to complete a settlement before July 6.
Dwelling insurance policies are not homeowners’ insurance policies. Dwelling policies are primarily offered to non-owner-occupied residences of no more than four units, including rental properties, investment properties and other properties that are not occupied full time by the property owner.
The last time the Rate Bureau made a dwelling rate filing was in July 2023, when it requested an average statewide increase of 50.6%. After negotiation, the Department and the Rate Bureau reached a settlement for an overall average rate increase of 8%.
Related Topics:
- NCDOI NC Department of Insurance Press Release
- Insurance Rates
Contact
NCDOI News press@ncdoi.gov (919) 807-6014
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