Greensboro, N.C. (March 27, 2015) – The North Carolina Association of Realtors® President Tony Smith applauded Sen. Mike Lee (New Hanover) for filing legislation to end consent to rate letters from property insurers. Sen. Lee’s bill would close the legal loophole that forces homeowners to pay higher premiums or risk cancellation of their policy.
“Realtors® believe that homeowners insurance must be available and affordable for working families,” said Smith. “We appreciate the efforts of Senators and Representatives who have sponsored bills that bring transparency and fairness to the rate-making process. Sen. Lee’s bill SB 683 would provide another powerful and necessary protection for homeowners.”
WILMINGTON, N.C. (February 12, 2015) – “This process has taken a long time to get to this point,” said William Waskes, Bureau of Ocean Energy Management (BOEM). The federal group held a public workshop last night at the Coastline Conference Center in downtown Wilmington to receive public comments about the development of wind energy farms off the coast of North Carolina. “Three areas of interest include two zones ten miles off the coast of Wilmington, and one zone about 30 miles off the coast of Kitty Hawk,” said Brian Krevor of BOEM. “Once the public workshops and environmental assessments have been completed, leasing will begin for the proposed 307,590 acres.”