RALEIGH, N.C. — North Carolina's Department of Insurance has called a hearing to challenge a proposed auto insurance rate increase by a group representing the industry.
The Insurance Department issued a news release on Friday saying it has determined a recently proposed rate hike is not justified. It has set up an administrative hearing in September so a hearing officer can listen to both sides.
The North Carolina Rate Bureau requested a statewide increase in auto rates of averaging around 14 percent in a filing last month. The bureau is an organization representing auto insurance companies in the state.
Staff at the organization didn't immediately return messages seeking comment Friday afternoon.
The bureau can take the hearing officer's ruling to court if it disagrees with the decision.
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