January Resolution Yields Desired Result: NC Insurance Commissioner Says No Rate Hike

JACKSONVILLE, NC Dec. 19, 2014 – During the Jan. 22 Onslow County Board of Commissioners meeting the commissioners unanimously adopted a resolution opposing a request by the N.C. Rate Bureau to hike statewide homeowner insurance rates.

Onslow County North CarolinaToday Onslow County residents learned with the rest of the state that the Board’s efforts yielded desired results.

Onslow County Board of Commissioners Chairman Barbara Ikner said, “The board is ecstatic that endeavors to show this rate hike is unjustified were rewarded. We pushed hard to communicate the opinion of the members and our citizens and we are extremely pleased that Insurance Commissioner Wayne Goodwin agreed with us when making his ruling.”

In part, the resolution signed on Jan. 22 stated: “Now, therefore, be it resolved, that the Onslow County Board of Commissioners strongly encourages the NC Commissioner of Insurance to not only reject the proposed 35% increase on base rates for Territories #8 and #52, but also reject any and all homeowners insurance rate increases; and, encourages the Commissioner to work toward a fairer homeowner’s insurance rate structure for coastal North Carolina.”

Goodwin ordered a zero percent statewide overall average change in homeowners insurance rates, effective June 1, 2015 in his ruling yesterday.

The ordered rates vary by geographic territory and type of insurance. Western coastal areas in Brunswick, Carteret, New Hanover, Onslow and Pender Counties will see a 25.8 percent decrease. Eastern areas will see a 3.1 percent increase rather than the 35 percent increase requested by insurance companies. The N.C. Homeowners Insurance Rate Changes by Territory chart can be found on the NCDOI web site and here.