Hearing begins on proposed homeowners insurance rate hike of 45.1% along Outer Banks

A hearing began Monday in Raleigh on a request by homeowners insurance companies to raise rates between 34 and 45 percent in Currituck and Dare counties. The hearing is expected to last several weeks with witnesses, evidence and arguments by attorneys for the state Department of Insurance and the North Carolina Rate Bureau, which represents insurance companies seeking the increase.

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