Click Here to view the OBAR 2011 North Carolina General Assembly Wrap-Up.
Home Owners Insurance (Adopted April 19, 2011)
Issue: After review of the process used by the State of North Carolina to determine property and casualty insurane rates the Outer Banks Association of REALTORS(R) should have a standing policy that addrsses property and casualy insurance rates.
Position: Access to affordable property & casualty insurance is a critical issue for coastal property owners. OBAR supports reasonable, affordable and accessible insurance rates that are established using a fair, equitable and transparent process.
Home Owners Insurance (Added February 24, 2011):
NAIC Quick Guide to Homeowners Insurance
NAIC Full-Length Guide to Homeowners Insurance
Sea Level Rise (Adopted February 16, 2011)
Issue: The N.C. Division of Coastal Management has developed sea-level rise policy language which, if approved by the governor-appointed Coastal Resources Commission (CRC), would add a new section to the State’s Administrative Code governing coastal management within our 20 CAMA (Coastal Area Management Act) counties, and could be used as a springboard for future regulations. The implications of this proposal in terms of its geographic scope and potentially detrimental economic impact are enormous.
Position: The NC Science Panel has recommended that the CRC establish policy based on sea-level rise projections of one meter by 2100. This policy will negatively impact all coastal residents in eastern North Carolina and any future development, redevelopment and infrastructure improvements. OBAR opposes restrictions on communities based on flawed and outdated data and supports ongoing review of data and further study.
Supporting Documents:
CRC Draft Sea Level Rise Policy
North Carolina Sea-Level Rise Assessment Report
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