Court Rejects Appeal Of Coastal Insurance Jump

A North Carolina appeals court is rejecting a bid to freeze or even reverse homeowners' insurance premiums that soared by nearly 30 percent on the coast while falling in a third of the state's counties farthest from the shore.

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

The municipalities argued Long made the deal before coastal residents knew insurers sought increases, which the cities said were then set at unreasonably high levels.

The court says it can't overturn the deal because the agreement didn't meet the legal standard of being excessive or unreasonable.

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


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  • by Insurance Customer Location: outer banks on Apr 20, 2010 at 03:42 PM
    I, unlike most of the people that claim they have not filed claims, have had a few claims for wind damage to my home...I would like to say that NC Farm Bureau has handled my claims with great respect and I would recommend them to anyone...My home insurance rate has increased but my auto has on the other hand decreased. If you or others are having lots of complaints and are not with NC Farm Bureau, you should call their office....I highly recommend them. Everyone can complain, but respect is due where it is received and I recommend them to everyone...
  • by common sense Location: Onslow County on Apr 20, 2010 at 01:20 PM
    Live 15 miles from the coast. Have never filed a home insurance claim. Am preparing to sell my current home and get one I can afford to fully replace without insurance. Will then carry liability insurance only. It no longer makes good sense for me to insure my home unless I were to move out of this coastal county.
  • by Jimbo Location: NC on Apr 20, 2010 at 11:33 AM
    Just another example of how those of us who live east of I-95 get crapped on by the rest of the state. Always been that and probably always will. I suppose our rates will go up again the next time Raleigh or Charlotte gets hit with another hurricane.
  • by cs123 Location: ENC on Apr 20, 2010 at 10:37 AM
    Anon- You need to do some research on the issue before posting such an ignorant statement.
  • by Wayne Location: Newport on Apr 20, 2010 at 10:29 AM
    To Anon....Get a clue as to what you are saying. This isn't just insurance rates for beach front!!! I don't have a home close to the beach, but I got hit with it also because I live in the COUNTY!! What about the counties that are even farther inland that got hit with it too? You are making statements that have NO fact to back them.
  • by Anon Location: America on Apr 20, 2010 at 09:58 AM
    Why should people, with money enough to pay for beach front homes, make ordinary people's insurance go up after a hurricane claim? My thought is this.. If you have the kind of money it takes to own a house of that expense, you have enough money to repair/replace it after a hurricane. You are NOT ENTITLED to cost the rest of us for your pleasures!!!
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