Dozens of North Carolinians attended a public comment session Monday to speak against a North Carolina Rate Bureau request to increase homeowners insurance by an average of 42%. The Rate Bureau, which represents companies that write insurance policies, made the request to the NC Department of Insurance earlier this month citing a higher cost of doing business due to climate change, which produces more powerful hurricanes and more severe flooding. But homeowners, elected officials, Realtors and others who spoke Monday said such a “budget busting” increase would harm low income North Carolinians, retirees and others who live on fixed incomes. It could also have a negative impact on the sta
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