ins300.jpg Submitted by WWAY on Thu, 12/18/2008 - 5:39pm.

Insurance rates for some homeowners along our coast may be going up. A settlement between the state and homeowners insurance companies has been reached. This allows for a four percent increase statewide. A state insurance program doesn't have the resources to cover coastal losses if a major hurricane occurs. The state hopes the new agreement will allow private insurers to begin offering plans to homeowners.

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