NC homeowners faced with higher insurance rates or no policy

Associated Press | Sunday, January 25, 2015 5:55 pm

WILMINGTON, N.C. (AP) — North Carolina homeowners are being told to pay higher insurance premiums or risk losing their coverage under law that allows companies to pay more than the state has approved.

The StarNews of Wilmington reported insurance companies are sending "consent to rate" letters under which homeowners agree to a higher rate or risk losing their coverage[...]