Posted by Debra Worley - email
NEW HANOVER COUNTY, NC (WECT) - A judge in Raleigh will hear arguments over whether counties have the right to sue the State Department of Insurance over changes in their policies.
The court hearing stems from some homeowners living along the coast seeing an almost 30% insurance hike, while insurance rates went down for people living in other parts of the state.
Governmental Affairs Director for the Wilmington Regional Assoc. of Realtors, Kathleen Reily, has been an advocate for fair insurance for all homeowners.
Reily wonders if State Farm's recent decision to drop 1,600 customers whose rates went up has anything to do with the timing of the court hearing.
"I think the timing is quite interesting, you know a day or two before this occurred," said Reily. "What's going to happen, I mean, if these counties do have standing to bring suit on behalf of the citizens in their county, it's going to be interesting to see how it is going to affect the insurance industry."
Since State Farm has dropped hundreds of homeowners, Reily says she believes it will open the door for more insurance companies to pick up their business.
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