State Insurance Head Defends Higher Beach Plan Rates

North Carolina's new insurance commissioner says legislative efforts to freeze increased costs for coastal homeowners risks making policies less available and less competitive for all residents.

Insurance Commissioner Wayne Goodwin said Monday that lawmakers could upset the balance between competition and the need to beef up the state-sanctioned beach insurance plan.

Two legislative measures would hold off increased surcharges of up to 25 percent for homeowner's coverage and up to 15 percent for wind damage that the beach plan charges above what regular insurers can offer. The increased surcharges took effect with new policies written since Feb. 1.

Goodwin said those increases led insurers to keep premiums down in other parts of the state.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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  • by Sam Location: Williamston on Feb 24, 2009 at 09:00 AM
    Although I agree with the fact that it can help the state in assisting citizens who receive more damage, I will also agree with "Upset and you better know it" from Bayboro on how overboard the state has gone with this. Pamlico County, Hyde County, Camden, and Currituck Counties are having their citizens getting screwed over when they should not be getting taxed at all. To Upset of Bayboro, I would get as many Bayboro, Grantsboro, Oriental, Minnesott, Arapahoe, Vandermere, Hobucken, and all other Pamlico County people to go right up there to Raleigh and start protesting this plan. Hyde County people may want to join as well. It was origionally neccesary, but not to the counties I just named, just the beach towns. To Me of here, who do you think you are? I dod know one thing you are and that is a treehugger. I guess you must have gone received your undergrad degree at Chapel Hill I guess, cause Chapel Hill is full of them.
  • by Chris Location: Greenville, NC on Feb 24, 2009 at 07:09 AM
    Now the only people that really have access to our beautiful beaches and inlets are the people that have the $400k to $2 million condos, cottages, and boats. (So many not even from NC) They cause raised tax values and insurance for all NC residents along the coast. Make them pay. For sure they can afford to pay more insurance. Our public piers and marinas have been torn down all for greed and money hungry people. This has denied access and affordability to average NC citizens that also enjoy the beach. All the good, average hard working citizens of NC certainly will pay. We love our NC coast. Its more than just a money making real estate venture to us. How about more public access, more public boat ramps a couple of piers and better conservation for our tax dollars?
  • by Obama Snake Oil Co Location: Washington on Feb 24, 2009 at 05:28 AM
    Well, if you feel we are imposing on marine habitat then you should move to the desert. Really, if this is what you firmly think, just do it. The rest of us at the top of the food chain will eat fish, oysters and scallops as we wish. Really, obviously, you should move out of the country, sell those gas buring vehicles, get rid of you house, yea, bulldoze it down, then you might have some credibility. What people here are talking about is not just the waterfront, its anywhere deemed coastal. This means with all the hurricanes I have personally witnessed without a claim, I must pay higher money for insurance. Even though the federal government and banks require FEMA insurance on coastal houses, the state is allowing insurance companies to burn the local folks.
  • by Anonymous on Feb 24, 2009 at 05:02 AM
    State Farm sent letters months ago increasing the rate 19%. Mine in Beaufort County, took affect the first of the year. I am not near the beach or waterfront and never filed a claim and still got hit and no it is not a NEW policy either, have had it for many years.
  • by Upset and you better know it. Location: Bayboro NC on Feb 24, 2009 at 04:19 AM
    This is a pitiful and sick article. I live in Bayboro NC. It is not near the beach no more than it was 40 years ago, yet they sent a letter saying that we now must pay Beach insurance. What in the world are they thinking? Making people who live far from the beach pay beach insurance? Increasing Bayboro, and places near here so other parts of the state do not get increases?? Stuipd, Stuipd, Stuipd! WE have not had any bad weather in decades here that have caused much money of our insurance being put to a use. They are GREEDY, and Need lessons on how to do business. They sure now how to prey on the poor. Not everyone in Bayboro, pamlico county are tourists who rent out their home. Thier are working class people who need thier money, and with lack of jobs here we are in a mess because of these increases, they don't care about. They want to hurt this area. They are doing a great job too!
  • by me Location: here on Feb 23, 2009 at 06:55 PM
    People are selfish, greedy, and sinful, to build on natures habitat. Take on the challenge of Mother Earth and destroy nature at the same time. Then, you expect me to help pay your insurance, this is ludicrous. Build your house upon a rock, or don't you read. Nature will prevail and try to repair the damage that you have bestowed upon the land. Only marine life have the rite to live here. You do not. Leave this shore, and take your house with you.
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