Beach Insurance Plan Fix Breezes Through House

The state House tentatively approved a plan to fix an underfunded coastal insurance program after first refusing to double the insurance industry's maximum liability from a catastrophic hurricane to $2 billion.

The House voted 89-27 on Tuesday to back Beach Plan reforms that include putting all insured North Carolina property owners on the hook if a disaster pushes claims beyond the industry's $1 billion cap on assessments. A final House vote could come as early as Wednesday.

Supporters said the changes are needed to keep insurance companies from pulling out of North Carolina, which would lead to higher prices and fewer choices statewide. Insurers now have unlimited liability to make good on damage claims covered by the Beach Plan.

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


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Rich Location: Washington,nc on Jul 16, 2009 at 03:45 AM
    Say what you want. Soon all of NC will be in the high risk flood zone if the insurance companys have their way!
  • by flmechanic Location: washington on Jul 15, 2009 at 09:44 AM
    Does everyone smell dead fish,, it stinks
  • by ace Location: plymouth on Jul 15, 2009 at 07:46 AM
    The government lets the insurance company recover their losses so people will build and rent on the beach. This puts tax dollares in the state coffers. In a round about way they are protecting their interest.
  • by scott Location: eastern nc on Jul 15, 2009 at 01:48 AM
    It's interesting to note that the insurance organization does not recommend tagging all homeowners' insurance, but instead, focusing on the insurance of those at risk, just as smokers and younger drivers pay higher rates.
  • by Lib Location: Greenville on Jul 14, 2009 at 08:16 PM
    Looks like it's time to kick out the incumbents in the NC house. I don't like paying the insurance for the fat cats' beach houses. Are you listening, Ms. McLawhorn?
  • by lazy in enc Location: enc on Jul 14, 2009 at 07:01 PM
    Screw it lets just quit, have babies, and stand around with our hand out. Maybe we can sell drugs enough to spend some un-taxed money at the beach while all the stupid workers pay for everybody like us......
  • by elvisisontimeshares on Jul 14, 2009 at 06:03 PM
    It is bad enough that we pay for other peoples' telephones and computers, and that we pay for reckless drivers to stay on the roads, but this is the last straw. This is a tax on working people that is disgusting and hard to stomach. This socialist group that we have in Raleigh needs to be tarred and feathered. You want to live on the beach, pay the price! Thank me very much!
  • by jocko on Jul 14, 2009 at 06:02 PM
    Yep, Paying for the rich people's insurance now!
  • by Jim Location: enc on Jul 14, 2009 at 04:33 PM
    More welfare for the rich. Middle class we pay out both ends, and we get it in one end. WITN should list every lawmaker with beach front property that voted for this robbery, so I can show up for my timeshare at their place. I'm retired so I should be able to live at the beach all summer.
  • by Ray Location: Farmville on Jul 14, 2009 at 04:05 PM
    Since I'm apparently going to help paid for insurance to cover beach property, when do I get to go stay in one of the beachfront properties that I am investing in for free.
  • Page:
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 50780517 - witn.com/a?a=50780517
Gray Television, Inc.