North Carolina Beach Plan News

The state-sanctioned property insurance program in North Carolina coastal counties could borrow to pay for extreme catastrophic losses from hurricanes in legislation making its way through the General Assembly. The House Finance Committee recommended legislation creating a public authority that …

North Carolina’s two residual homeowners insurance markets have jointly issued $500 million in pre-event catastrophe bonds to ensure they have enough money on hand to quickly pay claims following hurricanes and other named storms. The North Carolina Joint Underwriting Association …