American Bankers Insurance Company of Florida, part of Assurant, filed a request with the North Carolina Department of Insurance seeking a 12.9% overall rate impact for its Homeowners Plus (Mobile Homeowners) program. While the indicated need reached +51.9%, the company proposed a minimal adjustment to avoid disruption.
The filing introduces an Age of Home discount and corrects a prior “mismatch” between North Carolina Rate Bureau base deductibles ($50) and the company’s own $250 base. The mismatch previously granted policyholders excessive credits; this filing proposes a partial correction (+2.3%) to balance accuracy and fairness.
The model employs AIR Touchstone v11.5 to simulate perils such as hurricanes and severe convective storms, enhancing risk differentiation. The Assurant compliance office in Miami oversaw the submission.
The last rate change was a 3.7% increase effective January 2, 2024.
Filing submitted February 2, 2026; new business effective April 15, 2026; renewals effective June 1, 2026.
