VIDEO: Commissioner Causey Addresses Concerns Over Homeowners’ Insurance Rate Proposals

RALEIGH – Insurance Commissioner Mike Causey has released a video to address questions regarding the North Carolina Rate Bureau’s request for a large statewide average increase in homeowners’ insurance rates.

The North Carolina Rate Bureau filed a rate filing with the North Carolina Department of Insurance on January 3, 2024 asking for an average statewide increase in homeowners’ insurance rates of 42%. In Johnston County, the proposed rate increase is 40.8 percent.

The Rate Bureau has asked for the rates to become effective August 1, 2024.

The North Carolina Rate Bureau represents companies that write insurance policies in the state and is a separate entity from the North Carolina Department of Insurance.

This rate filing follows the homeowners’ insurance rate filing that the Department of Insurance received from the North Carolina Rate Bureau in November 2020, where the Rate Bureau requested an overall average increase of 24.5%. That filing resulted in a settlement between Commissioner Causey and the Rate Bureau for an overall average rate increase of 7.9%.


A public comment period is required by law to give the public time to address the proposed rate increase.  There are four ways to provide comments:

  • A public comment forum will be held to listen to public input on the North Carolina Rate Bureau’s rate increase request at the North Carolina Department of Insurance’s Jim Long Hearing Room on Jan. 22 from 10 a.m. to 4:30 p.m.  The Jim Long Hearing Room is in the Albemarle Building, 325 N. Salisbury St., Raleigh, N.C. 27603.
  • A virtual public comment forum will be held simultaneously with the in-person forum on Jan. 22 from 10 a.m. to 4:30 p.m.  The link to this virtual forum will be:
  • Emailed public comments should be sent by Feb. 2 to:
  • Written public comments must be received by Kimberly W. Pearce, Paralegal III, by Feb. 2 and addressed to 1201 Mail Service Center, Raleigh, N.C. 27699-1201.

All public comments will be shared with the North Carolina Rate Bureau.  If Department of Insurance officials do not agree with the requested rates, the rates will either be denied or negotiated with the North Carolina Rate Bureau.  If a settlement cannot be reached within 50 days, the Commissioner will call for a hearing.


  1. We already know how how this story will end… Causey will counter with a 25% increase which the insurance company is will accept. Then Causey will campaign by telling everyone that he “saved” is 20%. And the sheeple will fall in line and vote for him. Again. #VoteOutIncumbents

  2. What can the insurance companies do if they don’t let them increase the rate ? Insurance and prostitution are the oldest scams in the world Why don’t they make these companies pay us back for not filing any claims. I have never filed one. And the ones that do file them they raise their rates So why do they need more money ?

  3. It’s pretty obvious that these comments show no real understanding of how
    insurance works.
    The final increase will not be near what’s asked.
    if you don’t want it, don’t buy it…(unless your mortgage lender requires it.)
    Climate change is real, folks.
    And more frequent destruction is occurring.
    You can dig a deeper hole and crawl in it, but make sure
    it’s in the mountains.

Leave a Reply