WILMINGTON, N.C. (December 22, 2014) - Earlier in the day on Friday, December 19, the NC Department of Insurance (NCDOI) sent a press release that stated the Insurance Commissioner had denied rate increases. While true for many areas of our state, the territory chart at that time indicated that the most populated areas of the Wilmington region could actually receive up to a 3.1% increase. Later on Friday, the NCDOI submitted a corrected territory chart that showed all areas around Wilmington receiving decreases. Please review the most updated chart here for specific rate change percentages dependent upon zip code.
“We are pleased that Insurance Commissioner Godwin conducted hearings that rejected the Rate Bureau’s outrageous insurance hike requests. Certainly a reduction is a step in the right direction, but we would have liked a larger decrease than 1% in our most populated zip codes," said President Jody Wainio, Wilmington Regional Association of Realtors.
RALEIGH, N.C. (December 19, 2014) - Insurance Commissioner Wayne Goodwin has ordered a zero percent statewide overall average change in homeowners insurance rates, effective June 1, 2015. The ordered rates vary by geographic territory and type of insurance. On average, homeowners insurance rates are to decrease by 0.3 percent, renter's insurance rates are to increase by 11.2 percent, and condo owner's insurance rates are to increase by 8.1 percent.
WILMINGTON, N.C. (December 5, 2014) – During its quarterly membership meeting on Wednesday, the Wilmington Regional Association of Realtors (WRAR) recognized several of its members for their superior performance, dedication and community service.
Bobby Jean Harvey of RE/MAX Essential was honored as the 2014 recipient of the Paul Sullins Community Service Award. Bobby Jean demonstrates her commitment to bettering her community through outstanding public service. After fourteen years as a social worker in the foster care system, she founded her organization called Bobby Jean's Kids.