The North Carolina Department of Insurance has announced the approval of a recent rate filing that will increase premiums for title insurance by 9.4% across the board. This change will take effect with all title commitments issued on or after October 1, 2025. According to the Department, the rate adjustment comes after a thorough review and consideration of current market conditions and cost factors impacting the title insurance industry. The approved filing applies uniformly to all affected policies, ensuring a consistent approach to title insurance premiums throughout the state. Industry representatives and stakeholders are advised to update their systems and notify clients of the upcoming change. This rate increase marks the latest adjustment aimed at maintaining the financial stability of the title insurance market and ensuring continued consumer protections for property transactions in North Carolina. North Carolina title insurance premiums remain among the very lowest in the nation.
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