Tag: nc auto insurance

North Carolina auto insurance tax will contribute to roadway maintenance

H. Cutner
north carolina auto insurance

Higher taxes for gasoline and a range of other fees will help to keep the highways in the state paved. North Carolina has had to come up with a new plan to pay for the construction and maintenance of highways in the state, and it has now rolled out a plan that will use taxes on gasoline and auto insurance as well as increased vehicle fees in order to help to ensure that the funds that are needed will be available. The reason that the additional revenue streams are required…

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Auto insurance rates remain stable in North Carolina

S.Vagus
North Carolina Auto Insurance

North Carolina’s insurers are not seeking to raise rates for auto coverage this year North Carolina drivers have received some good news from the state’s Department of Insurance. According to Insurance Commissioner Wayne Goodwin, the Department of Insurance has received no rate filing from the North Carolina Rate Bureau. This means that the state’s auto insurance companies have not sought to increase premiums this year. This may provide the state’s drivers with some relief as they will not have to pay more for insurance coverage this year. Past settlement with…

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Auto insurance bill amendment in North Carolina builds angry debate

G. Turner
auto insurance

The industry in the state has been brought to the level of feuding as an old battle is brought back in the light. The internal battle among the auto insurance companies in North Carolina over the ways in which the rates are regulated by the state is back, once again, for a few more rounds in the back rooms and hallways of the legislature. Though the effort to recreate the state regulatory system was lost this spring, its supporters haven’t given up. A coalition of auto insurance companies, FAIR NC,…

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Auto insurance legislation struck down in North Carolina

Logan B.
Auto Insurance

Auto insurance bill fails before House Insurance Committee A legislation designed to reform North Carolina’s regulations governing auto insurance rates has been unseated by the state’s House Insurance Committee this week. The bill was put down by a vote of 18-11, with opponents claiming that the legislation did not offer solutions to the state’s current problem. The legislation was staunchly opposed by Insurance Commissioner Wayne Goodwin, as well as several companies and trade groups representing the auto insurance industry. Bill aimed to provide insurers with more freedom in the rate…

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Auto insurance bill in North Carolina fails to pass

auto insurance

A measure that would have changed the way that the coverage is regulated in the state was voted down. A bill designed to change the way that auto insurance rates are regulated within North Carolina, and which was strongly opposed by Wayne Goodwin, the commissioner for the state, has failed to pass. The House Insurance Committee voted the bill down on Tuesday, causing the measure to fail. The auto insurance rate regulation bill failed by a vote of 18 to 11, following the presentation of the views of both the…

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