North Carolina: Hurricane Study Commission First Meeting Slated

The legislative study commission created to review the potential impact of a significant hurricane on North Carolina’s insurance market is scheduled to conduct its first meeting on Sept. 30 in Raleigh.

Commission members have been appointed and are charged with reporting back to the General Assembly on or before Feb. 1, 2009.

“We certainly are pleased that commission co-chairs Senator Tony Rand and Representative Hugh Holliman are anxious to begin work on this important topic,” said Liz Reynolds, NAMIC Southeast state affairs manager. “The health of the beach plan affects not only coastal North Carolinians, but folks in the western part of the state, as well. Perhaps the state’s recent brush with Tropical Storm/Hurricane Hanna has provided a dose of reality commission members can use to scrutinize North Carolina’s exposure and determine how best to manage that risk for the financial stability of the entire state.”

Direct questions to NAMIC State Affairs Manager Liz Reynolds.

Posted: Tuesday, September 23, 2008 12:00:00 AM. Modified: Tuesday, September 23, 2008 2:00:53 PM.

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.