Local News

Coastline Hit Again, This Time by Insurance Rates

Posted June 16, 1997

— People along the Carolina Coastline got slammed by Hurricanes Fran and Bertha. Now, they may get slammed by insurance companies.

A Wilmington-based State Farm agent expects all insurance companies to ask for rate increases in coming months. After Hurricane Andrew ripped though Florida in 1992, insurance rates rose about 88%.

If rates do increase here, they're not predicted to go up nearly as much.


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