Reported about 6 hours ago
Home insurers in North Carolina are advocating for an average premium increase of over 42% across the state, following severe damages from Hurricane Helene. The Insurance Commission began hearings to review these requests amidst public concern, with proposed hikes varying significantly based on geographic location. The insurance industry argues that the current rates are insufficient to cover rising costs due to inflation and escalating storm damage. The hearing is set to continue for several weeks, with potential implications for homeowners still recovering from recent disasters.
Source: YAHOO