Lord, don’t even get me started on NC property insurance. Their solution to increasing rates for many years was to mandate that rates couldn’t exceed x, based on what they believed was appropriate.
Protip: It wasn’t appropriate. I’ve been out of that game for long enough now that I don’t know if they ever fixed it, but it was bad - basically if you couldn’t write a policy within x% of the expected rate, the risk had to be ceded to the state’s reinsurance facility, which drastically limited the available coverage.