N.C. Commissioner Alerts Federal Reserve of Potential for $700 Million in Auto Rate Refunds

September 24, 2004

  • September 29, 2004 at 1:01 am
    Gork says:
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    Like a Christmas club account, North Carolina insureds contribute part of their premium to carriers’ escrow accounts until the next election, when the commissioner distributes the refunds at uncanny coincidence with balloting…

    Don’t North Carolinians believe this phony cycle costs money? Don’t they realize it’s built into their premiums?

  • October 14, 2004 at 8:47 am
    wanda says:
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    Three cheers for J Long! I’m 54 yr old NC native and never remember getting an ins refund before. I don’t see where he gets traditional. “Traditional”? Bull!

  • October 20, 2004 at 1:49 am
    robin says:
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    I PAY CLOSE TO $800.00 A YEAR FOR ONE CAR THAT IS 8 YEARS OLD,(FULL COVERAGE) NO ACCIDENTS AGAINST ME IN MY 27 YEARS OF DRIVING AND I RECIEVED A REFUND OF $5.00…GEE THANKS

  • October 20, 2004 at 4:12 am
    greg johnson says:
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    Is there a website that I can visit to find out if I am supposed to receive a refund?

    thank you,

    greg

  • October 26, 2004 at 5:30 am
    darlene branch says:
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    I would like to know if there are number figures you can check to see if you were over charged or do you just take there word for it?



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