IFNC Press Releases

State legislators across the country are becoming more comfortable with the idea of letting competition regulate rates.
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IFNC response to Rick Martinez column that ran on Feb, 17th.
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News and Observer correspondent Rick Martinez writes about global warming in his February 17th column.
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Governor Mike Easley has released his $20.1 billion budget proposal.
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Facts about recent hurricane damage and claims.
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It's been 10 years since the state implemented a graduated licensing system for beginning drivers. So how well is it working?
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Cooling waters in part of the Pacific Ocean this year could increase the threat of Atlantic hurricanes, raising the possibility of insurance premium hikes for homes and businesses along the North Carolina coast.
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The North Dakota House Industry Business and Labor Committee unanimously approved legislation this week that would implement a 5 percent flex band rating system for automobile and homeowners insurance. The bill SF 2296 would also put in place a use and file system for commercial lines.
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Forecaster William Gray said he expects 17 named storms in all this year, five of them major hurricanes with sustained winds of 111 mph or greater. The probability of a major hurricane making landfall on the U.S. coast this year: 74 percent, compared with the average of 52 percent over the past century, he said.
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The state's auto insurers want you to know that there's a surcharge tacked onto your insurance bill to subsidize coverage for drivers deemed too risky to insure.
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This chart, found in AiPSO Facts 2006/2007 illustrates the concentration by state of residual market private passenger liability car years in 2004.
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This chart, taken from AiPSO Facts 2006/2007, shows in ranking state order, the automobile residual market as a percent of total automobile written premiums by classification and coverage for 2005.
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This chart, from AiPSO Facts 2006/2007, shows the five largest increases in automobile residual markets in 2004.
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This chart is from AiPSO Facts 2006/2007 and illustrates the types of residual markets presently used in the United States.
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This is the latest hurricane forecast for the 2007 season.
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Climate change will cost the state of North Carolina billions of dollars in land erosion, property damage and the loss of recreational and tourism business, a group of economists reported today.
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A new report released Wednesday finds that North Carolina’s coastline will continue to experience significant loss in land area, property and recreational value in the next 30 to 75 years due to projected changes in climate, leading North Carolina researchers announced.
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Released by the National Insurance Crime Bureau
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Auto insurance rates in North Carolina rank sixth-lowest among all states, one rung down from fifth-lowest previously, according to the latest nationwide data. Or not. By another measure, the rates paid by North Carolina motorists rank eighth-lowest, according to the state Insurance Department.
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First Lady Announces Operation: Drive to Live North Carolina State Highway Patrol Initiative Encourages Triangle Teens To Drive Responsibly
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The NAIC today released its 2005 Homeowners Insurance Report, providing data on market distribution and average cost by policy form and amount of insurance.
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The N.C. Building Code Council this week toughened the coastal housing code for wind-borne debris, saying it was balancing safety with affordability.
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North Carolina's statewide and legislative primary election results with predictions for November's general elections
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Democrat Wayne Goodwin will face Republican John Odom on the November ballot.
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Winston-Salem Journal columnist Scott Sexton prepared the following piece on the condition of the NC Beach Plan.
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North Carolinians make up 3 percent of American motorists. But they account for 60 percent of all U.S. motorists who can’t buy auto insurance on the open market. “That’s insane,” says Eli Lehrer, a senior fellow at the Competitive Enterprise Institute and the author of this new study of North Carolina’s auto-insurance system. That may be putting it mildly. The state has constructed a wacky regulatory structure that overcharges low-risk drivers and undercharges high-risk drivers such as young men in sports cars. In essence, the system imposes a tax on most of us to subsidize the accident risks of a few.
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North Carolina Public Radio Broadcast examining the Beach Plan
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Farmers Insurance is pulling out of North Carolina and dropping about 40,000 customers when their homeowners policies run out.
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A guest column from Jennifer Cohen, executive director of IFNC, on the importance of passing the Beach Plan.
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It's more than moronic to read and send text messages and e-mail while you drive. Starting today, texting while driving is against the law, too.
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If you are following these words while you are driving, please stop. Now. While we value you as a reader, we value you even more alive. Other motorists and pedestrians likely would appreciate your paying closer attention to the road, too, as, presumably, they have a fondness for living as well.
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Local law enforcement agencies plan to enforce the state's new texting while driving ban, which takes effect Tuesday, but they want motorists to comply voluntarily instead.
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Teens aren't the only distracted drivers out on the road Rules or no rules, teens will text. They'll text while in class, text at the dinner table and far too often, they'll text while behind the wheel. That last one is most frightening, because their need for social banter could cost a life -- maybe even their own.
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Effective 1/1/2010, House Bill 1166 (SESSION LAW 2009-566) updates the current provision of North Carolina G.S. 58-2-69(b) to require a valid e-mail address from licensees. Every licensee shall give written notification to the Department of any change of the licensee's residential or e-mail address within 10 business days after the licensee moves into the new residence or obtains a different e-mail address. The Agent Services Division is now actively collecting business e-mail address information from individuals, business entities, and companies to update our licensing records.
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The battle against texting while driving will soon get more graphic. AAA Carolinas wants to air a 30-second public service announcement in Greensboro and three other North Carolina cities that depicts the deaths of four people caused by a texting driver.
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A Vehicle is Stolen Every 33 Seconds
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