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Deadline for public comments on insurance hike Friday

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WILMINGTON, NC (WWAY) -- If you want to have your say about a proposed hike in homeowners insurance that could cost residents in coastal counties up to 30 percent more, you're running out of time. The deadline for the public to submit comments on the insurance companies' request to raise homeowners insurance rates is tomorrow.

The insurance industry, represented by the North Carolina Rate Bureau, has requested a statewide average increase of 17.7 percent for homeowners insurance.

Written public comments should be mailed to:

NCDOI
Attn: Bob Mack
Property & Casualty Division
1201 Mail Service Center
Raleigh, NC 27699-1201

You can also e-mail your comments to 2012homeowners@ncdoi.gov.

As of today, the Department of Insurance had received more than 3,900 e-mailed or written comments. Approximately 30 people made comments in-person during a public comment session held yesterday.

The rate filing will be reviewed by Department of Insurance experts to determine what, if any, rate adjustments are warranted. If the Department of Insurance and North Carolina Rate Bureau cannot agree on rate changes, Insurance Commissioner Wayne Goodwin will call for a formal hearing in which both parties would present their cases for any rate adjustments.

The filing is available for public review on the Department of Insurance's website. Enter the Serff Tracking Number NCRI-128708881.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

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Rate hike for homeowners insurance

I am aganst the proposed rate hike in my Home Owners Insurance. During these difficult economic times, we cannot afford any additional increases in our insurance. My current Homeowners coverage calls for and annual 4% increase to cover infationary increases. Please do not add any more to this load that I asm already carrying.
If our current Commissioner will notr fight to hold down rate hikes, then we need to think about getting someone in the office who will work in our best interests!!

Thank You

Quite True

Mr. Perry. The incumbent should go if he will or can not bring a sense of fairness to this process.

Since more storm related damage seems to occur inland, like Raleigh and Goldsboro as well as Rocky Mount; and their policies include wind while coastal policies do not, what's the increase in those areas?

Don't stop

Great to post it here, but send them an email using the link in the story and tell those that can stop the increase.

Don't Forget

The Department of Insurance Commissioner is an elected position. It is not an appointed one.

Commissioner Godwin is standing for re-election on November 6.

Force him to take action if he wishes to earn your vote. Or let him know he can return to Robeson or Scotland County and open a one man law practice.

It's past time for elected officials to remember for whom they work.

If he will not take action, his opponent, Mr. Causey, may be the better choice.