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Hearing scheduled on NC homeowners insurance rates
Associated Press//October 20, 2014
RALEIGH (AP) — North Carolina’s insurance commissioner is holding a hearing on a request from companies that want to increase homeowner insurance prices by an average of more than 25 percent in January.
The Fayetteville Observer reported that Insurance Commissioner Wayne Goodwin will hold the hearing Monday in Raleigh.
Experts from the North Carolina Rate Bureau and the Department of Insurance will present their cases to Goodwin. The bureau represents insurance companies.
More than 10,000 public comments were submitted this past January and 25 people spoke during a hearing held that month. Goodwin says the public can attend Monday’s meeting but won’t be allowed to speak.
A news release says Goodwin is holding the hearing because the proposed rates appear to the Department of Insurance to be excessive and discriminatory.
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