The Property Insurance Fairness Act, which recently passed the North Carolina House, will force insurance companies to provide more information to consumers about rate increases. The legislation now moves to the Senate’s Committee on Insurance.Read more
This week, the Property Insurance Fairness Act passed the North Carolina House Insurance Committee, taking its first major step at the General Assembly. There is still a long way to go, but clearing this committee was an important early victory.
The NC Homeowners Alliance is thanking our legislators for their focus on the Property Insurance Fairness Act, which reforms the insurance rate making process and eliminates insurance companies' practice of sending Consent to Rate letters to consumers. Look for the following 30-second television ad on Capital Tonight and NC Spin.
David Ranii of Raleigh’s News and Observer wrote about efforts to reform the homeowners insurance ratemaking process. This is an important issue for the Alliance – homeowners need to know how insurance companies use high pressure tactics to charge consumers higher premiums.Read more