“Our office is available 24 hours, 7 Days a week. Post Coronavirus, we mainly operate remotely and we are available in our office by appointment. We have several representatives available to take care of your needs however we understand the need to sometimes come into our place of business in order for you to meet with one of our Protection Specialists and discuss your concerns. We highly value the person to person relationship and are readily available to meet with you in person”.
888-995-6019 Office No Ext. 813-995-6013 x 101 Direct.
Email: info@centurioninsuranceafs.com

N Carolina Lawmakers Say Changes Could Come for State’s High-Risk Driver Pool *Centurion Insurance AFS*

Feb 05, 2024 (0) comment , , , , , , , ,


North Carolina has a rather unique setup for auto insurance, allowing insurers to place high-risk drivers into the state Reinsurance Facility, a non-profit, state-created pool.

That system came under new scrutiny last week, with some state lawmakers questioning if it subsidizes insurers and lets carriers avoid programs that reward good driving, a model that could potentially lower premiums.

The Mountaineer news site, WRAL TV and other Carolina news outlets reported that the House Select Committee on Oversight and Reform grilled facility officials at a hearing last week. One legislator, Rep. George Cleveland, R-Onslow, said his policy was dumped into the high-risk simply because he turned 80, and several insurers told him that was common practice.

A recent report to the legislature noted that South Carolina had a similar system in place until 20 years ago. After it ended the program, insurers found they had an incentive to incentivize drivers to drive more carefully, the TV news outlet noted.

A bill has not been introduced for the North Carolina General Assembly session that begins in April. But lawmakers on the committee said new legislation could soon be on the way.

Personal Auto

Was this article valuable?

Here are more articles you may enjoy.

Interested in Legislation?

Get automatic alerts for this topic.


Source link

Comment (0)

Leave a Comments