Insurance rate hike proposal too costly to ignore

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The insurance hits just seem to keep coming for homeowners in Brunswick County.

Thanks to the federal Biggert-Waters Flood Insurance Reform Act passed in July 2012, flood insurance premiums rose by an average of 10 percent with policy renewals after Oct. 1 last year. That was coupled with a Federal Emergency Management Agency surcharge on policies amounting to 5 percent of those premiums. North Carolina’s legislators at both the state and federal level are still trying to resolve the unintended, unreasonably expensive consequences of the Biggert-Waters Act.

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The Brunswick Beacon | circulation@brunswickbeacon.com | 910-754-6890
P.O. Box 2558, Shallotte, NC 28459
Office Hours are 8:30 a.m. to 5:30 p.m., Monday through Friday