Home insurers argue for 42% average rate hike in North Carolina

RALEIGH, North Carolina: As western North Carolina continues recovering from Hurricane Helene, a hearing began on the insurance industry's request for a significant increase in homeowner premium rates statewide.

The proposed hike, averaging more than 42 percent, has drawn attention due to the wide variations in the requested increases, with some coastal areas seeing potential jumps as high as 99 percent.