NU Online News Service, Aug. 27, 3:14 p.m. EDT
North Carolina Gov. Bev Perdue has signed legislation designed to reform operation of the state's property insurer of last resort with provisions to ensure the plan's continued solvency.
The bill approved by the governor, yesterday, would restrict property insurers from assessing policyholders after a catastrophe loss if that loss was under $1 billion.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
