North Carolina property insurance News

North Carolina Lawmakers Pitch Much Smaller Helene Recovery Package

RALEIGH, N.C. (AP) — North Carolina Republican lawmakers this week unveiled their initial attempt this year to provide recovery funding for Hurricane Helene’s historic flooding, proposing new spending that totals less than half of what new Democratic Gov. Josh Stein …

North Carolina Debt Option Proposed by Lawmakers to Pay Catastrophic Claims

The state-sanctioned property insurance program in North Carolina coastal counties could borrow to pay for extreme catastrophic losses from hurricanes in legislation making its way through the General Assembly. The House Finance Committee recommended legislation creating a public authority that …

North Carolina Property Insurance Reform Law Comes Up Short

North Carolina’s property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill that does little more than what one industry expert said, “just stuck more fingers in the dike.” Despite having what …