homeowners’ coverage News

North Carolina’s top insurance regulator is scheduling an August hearing for insurance companies to explain their request to raise the cost of homeowners coverage by an average of 25 percent. Insurance Commissioner Wayne Goodwin’s office said Wednesday the hearing was …

Insurance Commissioner Jim Donelon has rejected a request by State Farm Fire & Casualty Co. to introduce a regional deductible for homeowner’s coverage. Donelon tells The Advocate State Farm, Louisiana’ largest insurer, with more than 300,000 homeowner’s policies or 29 …