Insurance rates for coastal counties one target of meeting

Published: Friday, April 12, 2013 at 04:41 PM.

Brown said he was trying to push a bill that would lower rates for coastal homeowners.

Tom Thompson, chairman of the Eastern North Carolina nonprofit group with the motto “Twenty Counties…One Voice,” said in an earlier interview that efforts of NC-20 to save property owners on insurance rates could have more than a $7 billion impact.

Thompson pointed to computer modeling that is predicating a 39-inch rise in sea level over the next 88 years as “flawed science.” He said NC-20 gathered data generated by a broad range of other scientists that disputed the claims of sea level rise. He said it would be more likely an eight-inch increase in sea level.

Larry Baldwin, vice president of regulatory affairs for NC-20, told about 100 people at the symposium that the nonprofit has intervened repeatedly to dispute the claims of a 39-inch rise in sea level.

“We were told it would not affect us,” he said. But insurance companies are using the data, he added.

NC-20 was in support of diversity of ideas instead of “group science,” Baldwin said.

Goodwin said his office had no control over when the insurance bureau, representing insurance companies, could call for a filing, or rate increase.



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