A system that benefits businesses while hurting consumers must change.
A system that benefits businesses while hurting consumers must change.
The free-market analyst has some good things to say about North Carolina’s Democratic insurance commissioner, Wayne Goodwin.
North Carolina has one of the healthiest public-employee pension systems in the country – and has also been underfunding the system in recent years.
RALEIGH — North Carolina’s woefully underfunded Beach Plan may get some relief if the state Senate doesn’t stray far from the course laid out in House Bill 1305, which passed the House by an overwhelming margin in July.
Legislation moving through the General Assembly would improve North Carolina's coastal property insurance situation, but it would also leave long-term problems unresolved.
Although thoughts of hurricane season conjure up images of devastated trailer parks, fearsome storm surges, and ruined roads, North Carolina has more to worry about than just the storm damage. Even one major storm could send the state's finances into a tailspin.
It's only fair that people who live in hurricane-prone areas should pay more for property insurance.
But Rep. Hugh Holliman, majority leader of the N.C. House, has a message for Carolinians on the coast: the pain is still coming.
RALEIGH — North Carolina could face a "property insurance disaster" unless it takes steps soon to shore up its coastal Beach Plan, according to a new John Locke Foundation Policy Report. A committee studying the Beach Plan meets at 2 p.m. today.
RALEIGH — N.C. Insurance Commissioner Jim Long ordered Thursday a 16.1 percent decrease in North Carolina’s maximum auto insurance rates. A news release from Long’s office estimated “potential savings of more than $1 billion.” The true picture is more complicated, according to Eli Lehrer, senior fellow at the Competitive Enterprise Institute. In July, Lehrer’s John Locke Foundation Policy Report labeled North Carolina’s auto insurance system the worst in the country.
