An overhaul needed in the auto insurance system in North Carolina
The auto insurance system in North Carolina badly needs an overhaul as the system that was created during the 1920’s was at one point in time very popular across the country. However, now North Carolina is the only state which has maintained its unenviable position of being in this bureaucratic system since then. Hence, the Senate Bill 490 was introduced recently to help create a framework to provide fair rates to their consumers. In the rest of the 49 states, the rates are developed by each insurer and then filed with the government which is later implemented. This is done … (more) April 24, 2011
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