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    Home - Insurance - North Carolina caps home insurance rate hikes at 7.5% under new settlement
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    North Carolina caps home insurance rate hikes at 7.5% under new settlement

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    North Carolina caps home insurance rate hikes at 7.5% under new settlement
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    The rate bureau’s original proposal, filed in January 2024, sought increases as high as 99.4% in certain areas. Causey publicly opposed the request the following month, arguing that the justification for such an increase was insufficient. His opposition led to a 19-day hearing, which ultimately resulted in the settlement agreement.



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