Car Insurance

9:31 am
Wed April 17, 2013

Auto Insurance Bill To Reform Industry Fails House

House Bill 265 would have allowed insurance companies to file for an increase or decrease in auto insurance rates of seven percent.
Credit Tasnim Shamma

The House Insurance Committee voted down a bill Tuesday that would have changed how the auto insurance industry makes changes to auto premiums. Currently, auto insurance companies are represented by an agency – the North Carolina Rate Bureau – that files for rate increases on behalf of more than 160 companies each year.

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