RALEIGH, N.C. (AP) — North Carolina automobile insurance rates are poised to increase statewide this fall by a 5% average as part of an agreement reached between state regulators and the insurance industry. The settlement announced Monday by Insurance Commissioner Mike Causey is lower than the average 22.6% rate increase for private passenger vehicles originally requested by the North Carolina Rate Bureau. A September public hearing on the request would have been held in September without the settlement. The changes take place Oct. 1 and includes an average 16.3% decrease on motorcycle liability insurance rates.… Continue Reading