N.C. Coastal Towns Fear Change Will Increase Flood Insurance Rates
Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council.
The council toughened the coastal housing code for wind-borne debris. The code now extends the zone for stronger wind requirements to all areas east of the Intracoastal Waterway between South Carolina and Beaufort Inlet, and all barrier islands between the inlet and Virginia.
Council members said the change will balance safety and affordability.
But the changes fall short of requirements set by the International Code Council. As a result, residents in Wrightsville Beach and other local communities would lose their flood insurance discounts.
Wrightsville Beach Planning Director Tony Wilson called the council’s decision “disappointing.”
Information from: The Star-News, http://starnewsonline.com
- Tesla Sued Over Crash That Trapped, Killed Massachusetts Driver
- Why 2026 Is The Tipping Point for The Evolving Role of AI in Law and Claims
- IIHS Rolled out A New Whiplash Prevention Test
- Charges Dropped Against ‘Poster Boy’ Contractor Accused of Insurance Fraud
- Allianz Built An AI Agent to Train Claims Professionals in Virtual Reality
- Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates
- What The Return of California’s ‘Death Discount’ Means for Litigation
- Nationwide Spending $100M on AI to Beef up Claims Efficiency, Customer Experience