By on December 9, 2020

Last month, the North Carolina Rate Bureau (NCRB) submitted a Homeowners Insurance Rate Filing to the NC Department of Insurance. The filing reflects an overall statewide average increase of 24.5% for homeowners, renters’, and condominium rates. The filing affects condo, tenants as well as wind only policies.

Below is a breakdown of the filed rate changes for eastern NC.


The deadline to submit comments is Thursday, December 10, 2020.  EMAIL TODAY and request NC Department of Insurance Commissioner Mike Causey DENY the 2020 Homeowners Rate Filing

NCDOI is holding a virtual public comment session on Thursday, December 10, from 10:00 a.m. to 3:00 p.m. accessible via the following WebEx link: The hearing officer facilitating the forum will ensure that all participant comments are heard and recorded.

The Outer Banks Association of REALTORS® has examined the filing and suggest you include the following talking points in your comments via email or during the public comment period:

  • The proposed rate increases are excessive, unwarranted, and unjustified.
  • The increase in the Homeowners Insurance rate affects year-round resident policyholders, wind only policyholders, condo, and renter policyholders.
  • The unwarranted increased cost of homeowners’ insurance impacts the affordability of housing and the ability of a policyholder to make their mortgage payments. This impacts families that live in our year-round neighborhoods and will be especially burdensome due to COVID-19 impacts on our communities.
  • Rate increases just went into effect May 1, 2020. The potential of these rate changes to increase voluntary coastal writing is not yet known. There has not been enough time to thoroughly evaluate the adequacy of the newly effective rate increases.
  • The filing does not include the number of policyholders or amounts charged over the manual rate under “consent to rate”. NC HO Policyholders paying a premium under “consent to rate” are currently paying on average statewide 31% above the manual rate per NCDOI.
    • NCRB claims NCIUA, formerly known as the “Beach Plan” is “increasingly the market of first resort” in coastal North Carolina. In reality, NCIUA’s total liability exhibits a ten-year average decrease, and is down to $76.5 billion in 2019 from a 2014 high of $91 billion. Policyholders do not request to have coverage through NCIUA; they are placed with NCIUA by their carrier/agent.
    • NCRB claims higher rates must be established to protect North Carolinians because “the inadequacy of the rates at the beach and coast will lead to…catastrophe recover charges on all property insurance policyholders throughout the state”. “the prospect of a Beach Plan assessment affects the willingness of a company to write in North Carolina” because “it will be subject to Beach Plan assessments for huge losses.” In reality, the exhaustion probability of NCIUA’s final reinsurance layer before a catastrophe recovery charge is 0.0010%, based on “the largest amount of modeled annual hurricane losses after blending 100,000 years of AIR and RMS modeled losses”.
    • From 2013 through 2019 the Beach Plan collected approximately $2.6 Billion in premiums earned and incurred $1.6 Billion in losses with $515 million in surplus at the end of 2019.
    • NCRB claims “the prospect of a Beach Plan assessment affects the willingness of a company to write in North Carolina” because “it will be subject to Beach Plan Assessments for huge losses” due to NCIUA’s overexposure to coastal hurricane risk. In reality, the majority of NCIUA’s total residential liability is for inland wind coverage less susceptible to hurricane risk than beach wind policies, which account only for about $8 billion of the total residential liability.
    • The filing does not include a factor expressing variances from the manual rate due to deviations and consent to rate.
    • The filing includes an “off balance factor” which causes the overall statewide average increase to be higher than 24.5%.

NCDOI has emphasized the importance of substantive public commentary on the filing to its negotiation of an appropriate compromise rate. Public comment in coastal North Carolina will be especially important on Thursday because the North Carolina Rate Bureau (NCRB) is attempting to present this year’s filing as protective of coastal homeowners and the North Carolina Insurance Underwriting Association (NCIUA). NCRB is telling the public that NCIUA is overexposed because voluntary insurers cannot compete in coastal counties due to inadequate homeowner’s insurance rates. NCRB has testified that the proposed rate increase is necessary to help NCIUA avoid a deficit event that exhausts its claims-paying capacity and triggers a statewide policyholder surcharge.

This argument is flawed. NCRB is overstating the scope and growth rate of NCIUA’s liabilities and mischaracterizing the potential of a deficit event in order to pass off their proposed rate increase as public service.

Let your voice be heard on these unfair and unsubstantiated rate increases!


Barnhill Building Group has been selected as the Construction Manager @ Risk by the College of the Albemarle and is seeking to pre-qualify construction trade contractors to submit bids for the furnishing labor, materials, equipment, and tools for the new College of The Albemarle – Allied Health Sciences Simulation Lab (COA Health Sciences) located in Elizabeth City, NC. Please note: Only subcontractors who have been prequalified by Barnhill will be able to submit a Bid.

The project consists of the new construction of a 38,000-sf, 2-story expansion to the existing Owens Health Sciences Center and will house classrooms, labs, and a simulation lab. The site is just over just over 4.5 acres and is located on an active campus. This new construction will be a steel structure with a brick and metal panel veneer, curtainwall, and storefront glazing with a PVC roof membrane.

Principal trade and specialty contractors are solicited for the following Bid Packages:

BP0100: General Trades

BP0105: Final Cleaning

BP0390: Turnkey Concrete

BP0400: Turnkey Masonry

BP0500: Structural Steel & Misc. Steel

BP0740: Roofing

BP0750: Metal Panels

BP0790: Caulking / Caulking

BP0800: Turnkey Doors/Frames/Hardware

BP0840: Glass & Glazing

BP0925: Drywall

BP0960: Resilient Flooring

BP0980: Acoustical Ceilings

BP0990: Painting & Wallcovering

BP1005: Toilet Specialties / Accessories / Division 10

BP1010: Signage

BP1098: Demountable Partitions

BP1230: Finish Carpentry and Casework

BP1250: Window Treatment

BP1400: Elevators

BP2100: Fire Protection

BP2200: Plumbing

BP2300: HVAC

BP2600: Turnkey Electrical

BP3100: Turnkey Sitework

BP3290: Landscaping

Packages may be added and/or deleted at the discretion of the Construction Manager. Historically underutilized business firms are encouraged to complete participation submittals.

HUB/MWBE OUTREACH MEETING: Barnhill Building Group will be conducting a HUB/MWBE Informational Session. You are encouraged to attend the following session to learn more about project participation opportunities available to you. These seminars will help to: Learn about project and scope; Inform and train Minority/HUB contractors in preparation for bidding this project; Assist in registration on the State of North Carolina Vendor link; Stimulate opportunities for Networking with other firms. Location and time TBD. Please visit our planroom at for more information.

Interested contractors should submit their completed prequalification submittals, by July 22, 2024, to Meredith Terrell at or hardcopies can be mailed to Barnhill Contracting Company PO Box 31765 Raleigh, NC 27622 (4325 Pleasant Valley Road, NC 27612).


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