Homeowners Insurance Archive
29 Jan 2015
Editorial – Costly loophole for homeowners
If freshman Sen. Michael Lee makes good on his stated intent to fix a state law that allows insurance companies to shake down homeowners for higher rates than the state allows, he’ll secure a legion of fans in the Cape Fear region. Folks near the coast already pay generally higher rates than their inland counterparts.
27 Jan 2015
Sunday StarNews cover story on Homeowners Insurance, consent to rate letters and potential legislative action
Lawmakers hear uproar over ballooning homeowner insurance rates WILMINGTON | Insurance companies are using a decades-old law to push higher-than-approved homeowner insurance rates on North Carolinians, says Sen. Michael Lee, calling the statute a loophole that needs to be closed. Lee, R-New Hanover, who is on the Senate Insurance Committee, said he is going to