"NC Insurance Commissioner Denies 42% Home Insurance Rate Hike Request"

North Carolina Insurance Commissioner Mike Causey has rejected the insurance industry's request for a 42% increase in homeowner insurance premiums, citing concerns from thousands of North Carolinians and elected officials. The industry attributes the need for the hike to inflation and climate change, but Causey is pushing for a smaller, more reasonable increase or none at all. The issue will be heard in court in October, and the outcome could impact the upcoming election for Insurance Commissioner.