Holden Beach board opposes homeowners’ insurance rate hike

Holden Beach commissioners asked the town manager to draft a resolution opposing any rate increases in residential insurance in coastal North Carolina, during their regular monthly meeting in town hall Tuesday night.

The state’s rate bureau has filed for a 30 percent increase.

“The insurance commissioner in all probability will not approve this rate,” said insurance expert Stuart Powell, manager of the insurance agency that insures the state of North Carolina.

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