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The North Carolina Rate Bureau has submitted a rate filing with the state Department of Insurance requesting a nearly 70 percent in increase in homeowners’ insurance rates in coastal counties like Brunswick and a nearly 50 percent increase on the beaches.
The bureau’s general manager said this week the request is just a starting point, and he does not expect it to be approved. The state Department of Insurance similarly issued a statement saying the department has not historically approved the exact rates recommended by the bureau.
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