NC: No raise in automoblie insurance rates

 

It's over! Consumers won the battle on auto reform legislation.

The North Carolina state legislature JUST adjourned and proposals that threatened our state's low automobile insurance rates and its essential consumer protections did not pass!

Thank you for your help. When we reached out to you with critical information, you overwhelmed state lawmakers with nearly 50,000 emails. Your voices were heard loud and clear. Because of your actions, lawmakers shied away from changing North Carolina's auto insurance ratemaking system. To learn more about the proposed legislation and its defeat, visit lowratesnc.com.

Nationwide joined this fight because we view public policy through the lens of our members. It is our privilege to serve you, especially since North Carolinians told us they don't want higher auto insurance rates, less independent oversight, more uninsured drivers on the road, or a more volatile insurance market. Those were likely consequences if the bills and amendments had been approved.

The coalition's work and Nationwide's involvement were highlighted in several editorials:

• The Winston-Salem Journal highlighted how "Nationwide is fighting it tooth and nail."
• The Raleigh News & Observer cited "The coalition led by Nationwide also argues that the amendment would 'cripple' the commissioner's ability to control rates."

We remain vigilant and will keep you informed if this legislation surfaces next year when the legislature returns.

We value your business and thank you for the opportunity to serve you every day.

Thanks Again,

Martha Frye
Senior RVP North Carolina
Nationwide Insurance