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Goodwin defends insurance hike for coastal areas

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North Carolina’s new insurance commissioner is defending the so-called ‘Beach Plan.’

The plan would dramatically raise insurance rates for homeowners who live in coastal counties.

Commissioner Wayne Goodwin said today legislative efforts to freeze the rate increases risks making policies less available, and less competitive for all residents.

There’s a lawsuit in process opposing the increase.

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North Carolina’s new insurance commissioner is defending the so-called ‘Beach Plan.’

The plan would dramatically raise insurance rates for homeowners who live in coastal counties.

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Associated poll

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