Mike Causey (R) North Carolina Insurance Commissioner

Homeowners in North Carolina will see an increase in premiums of an average of 15% over the next two years, that is according to a settlement announced by North Carolina Insurance Commissioner Mike Causey and the North Carolina Rate Bureau last week. This settlement comes after the rate bureau had requested an increase of an average of 42% that would have started this month and would have doubled in some coastal areas. With Chris Edwards to discuss this in depth is North Carolina Insurance Commissioner, Mike Causey.