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NC Commissioner Rejects Proposed 83% Mobile Home-Fire Rate Increase

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North Carolina Insurance Commissioner Mike Causey has scheduled a 2025 hearing date after rejecting the NC Rate Bureau’s request for an 83% average rate increase in mobile home fire policies and a 50% increase in mobile home casualty rates over the next three years.

“We are not in agreement with the insurance companies’ proposed increases,” Causey said in a statement. “It is now necessary to hold a hearing to reach a resolution that will make the most financial sense for our residents and insurance companies.”

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The hearing has been set for April 7, 2025. But it will likely be canceled if Causey and the rate bureau negotiate a compromise. Historically, the bureau has proposed large rate increases but has agreed to much smaller increases after negotiating with the commissioner.

The last negotiated, final rate increase for mobile homes was 10% and 15%, in 2022.

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