Insurance companies want to raise drivers’ rates for car insurance.
The North Carolina Rate Bureau represents insurance companies in their dealings with state leaders. The bureau submitted a filing to the North Carolina Department of Insurance to increase prices on auto policies statewide by 28.4%, North Carolina Insurance Commissioner Mike Causey announced Thursday.
Any change would become effective on Oct. 1.
If the department does not agree with the requested increase, it can negotiate a settlement or call for a hearing.
North Carolina law requires the bureau to submit auto rate filings with the department each year by Feb. 1.
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