Navigating North Carolina’s home insurance affordability crisis

By: Dr. Hope Thompson

Outlets: North Carolina Newsline

Published: June 3, 2026

Words: 659

Last Updated: 1 month, 3 weeks ago

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Home insurance isn’t something that people think about until disaster strikes. But for many North Carolinians, insurance is front-of-mind as climbing premium prices strain household budgets. This month, homeowners’ premiums increase another 7.5% (part of a two-year increase negotiated in 2024). These follow a 2022 increase of 7.9%.

To slow rate increases, we must understand and address what is driving them. The problem is bigger than any insurance company or regulator. So is the …

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