Appeals Court Hears Challenge To Big Coastal Insurance Jump

A North Carolina appeals court is weighing whether to freeze or even reverse homeowners' insurance premiums that soared by up to 30 percent along the coast while sliding by a third in counties farthest from the shore.

A three-judge Court of Appeals panel heard arguments Thursday in a lawsuit by coastal communities trying to overturn a deal struck in late 2008 between former Insurance Commissioner Jim Long and the North Carolina Rate Bureau, which represents insurers.

The municipalities argued Long approved the rate increases before coastal residents knew insurers had requested them.

Attorneys for the state agency and the Rate Bureau said the insurance commissioner represents consumers, and rate settlements can't be appealed to the court by anyone else.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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  • by Julie Location: Bath on Jan 19, 2010 at 03:59 PM
    Just can't make this stuff up! We got slammed with insurance when we moved to Bath this year - we're paying 2500 a year (prev home $800/yr)! I agree - for those who have to build on the outer banks on stilts etc - pay the insurance - we shouldn't have to help you. our house is 100 yrs old, not on the water and still standing - I do hope we can return to normal rates and let those million dollar homeowners pay for their own insurance.
  • by It's a gamble Location: Clear the beach on Jan 14, 2010 at 05:03 PM
    I live in Greenville and Nationwide went up our insurance 28% and we have never filed a claim. I think if you can afford to build a house on the beach, then you should do so at your own risk!
  • by Anti-Terrorist Location: Greenville on Jan 14, 2010 at 04:36 PM
    Guess what. Fire your insurance company and shop around! Last I checked it was still part of the free market. You folks getting the government involved at any level on any side and your gonna be sorrier than you are now. If your business was insurance, who would you raise rates on based on risk models and global warming scares from the libs? Get busy flexing your consumer muscle and watch the market respond. Not over night mind you but over the years it will unless you invite more government to stifle the process.
  • by Anonymous on Jan 14, 2010 at 12:14 PM
    Live 15 miles innland from the coast (Jacksonville). Did not even have a shingle kick up during Bertha and Fran. Have never filed a homeowners insurance claim. Yet, my insurance rate went up substantially- a lot! It is not justified to raise rates like that.
  • by Leroy Location: Winterville on Jan 14, 2010 at 12:09 PM
    If you can afford a house on the ocean, anywhere along the North Carolina coast, paying the insurance does not pose a problem, million dollar second homes should not expect someone like me to have to pay part of the premium..It is crazy that it was even proposed.
  • by Obama Snake Oil Co Location: Washington on Jan 14, 2010 at 10:45 AM
    Actually, since Charlotte too Hugo sometime back, Raleigh during Floyd, how is it that the entire state isn't just a flat rate for value insurance rate? Why was it justified to raise my rates when we in Washington have been through so many tropical storyms and hurricanes without a claim? This was just wrong.
  • by charlie Location: greenville on Jan 14, 2010 at 09:20 AM
    Matthew 7:26
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