Letters coming in the mail to homes all along the North Carolina coast are bringing news of big insurance price increases.
Gary Gilbert of New Hanover County said Monday he and his wife Janice learned about two weeks ago that the added coverage for wind
damage from a hurricane would climb by more than 60 percent to $1,400 a year.
That's after learning their overall homeowners insurance policy would climb by about 20 percent.
Insurance companies spooked by warnings that the U.S. may be in
a period of intensified hurricane activity have demanded higher rates to cover their expected risk. Higher rates for North Carolina's coast were approved in December.
State legislators are trying to fix the problems with coastal