Under an agreement between the North Carolina Rate Bureau and the state’s insurance regulators that will roll back private auto insurance rates to 2006 levels and freeze them for two years, some North Carolina drivers will share a refund.
State Insurance Commissioner Wayne Goodwin said some drivers will be receiving refund checks in the middle of next year. Rate changes go into effect November 1 and are retroactive to January 1 for a total savings of $545 million, reports the Associated Press.
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