Hurricane Insurance Program Update

The powerful head of the North Carolina Senate is turning his attention to the insurance woes of his neighbors now that the state budget is in hand.

The Senate Commerce Committee takes up legislation today to fix the underfunded Coastal Insurance Program. The plan to beef up the beach includes tacking an extra charge on every property insurance policy in the state if there is a disastrous storm season.

Senate Leader Marc Basnight of Dare County says a version that passed the house would lock in big insurance increases that have hurt his constituents.


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