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Judge Allows Sharp Coastal Homeowners Insurance Changes

A North Carolina judge has cleared the way for homeowners' insurance rates to drop in western areas and soar in coastal counties.

Click on the document above to see the proposed rate changes for your county.

Wake County Superior Court Judge Ron Stephens dismissed a bid to stop the deal negotiated between insurance companies and state regulators from taking effect on Friday.

North Carolina Insurance Department spokeswoman Kristin Milam said Wednesday the judge's decision allows the mix of rate increases and savings to go ahead.

The deal on homeowners rates reached in December would allow a statewide average increase of about 4 percent. But premiums will soar on the coastline, with Wilmington and nearby areas facing nearly 30 percent increases.

Residents in about 30 western counties could see lower premiums, with Charlotte seeing premiums drop 4 percent.


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