For Immediate Release: January 22, 2014

Deadline to Submit Public Comments on Insurance Companies' Request to Raise Homeowners Insurance Rates is Jan. 31

In-person public comment session to be held in Raleigh on Jan. 24

RALEIGH -- Insurance Commissioner Wayne Goodwin reminds North Carolinians that the deadline for the public to submit comments on the insurance companies' request to raise homeowners insurance rates is Jan. 31.

The insurance industry, represented by the North Carolina Rate Bureau, has requested a statewide average increase of approximately 25 percent for homeowners insurance.

Written public comments should be emailed to 2014homeowners@ncdoi.gov or mailed to: NCDOI, Attn: Bob Mack, Property & Casualty Division, 1201 Mail Service Center, Raleigh, NC 27699-1201. The deadline for submitting written comments is Jan. 31.

For people who would like to weigh in on the rate requests in person, there will be a public comment session on Friday, Jan. 24, from 9:30 a.m. to 4 p.m. in the Jim Long Hearing Room of the Dobbs Building, 430 N. Salisbury St., Raleigh.

As of Jan. 20, the Department of Insurance had received more than 2,000 emailed or mailed written comments.

The rate filing will be reviewed by Department of Insurance experts to determine what, if any, rate adjustments are warranted. If the Department of Insurance and North Carolina Rate Bureau cannot agree on rate changes, Commissioner Goodwin will call for a formal hearing in which both parties would present their cases for any rate adjustments.

The filing is available for public review on the Department of Insurance website. To view the entire filing, go to http://pserff.ncdoi.net/pc.html and enter the Serff Tracking Number NCRI-129361028.

--NCDOI--