Insurance bills being mulled by the North Carolina General Assembly are "all about corporate greed," says Insurance Commissioner Wayne Goodwin.
Bills in the state Senate and House look to wipe out Goodwin's ability to set a cap on automobile-insurance rates, as well as his authority to determine if rates are excessive, he says.
If adopted, the legislation will result in higher auto-insurance rates, he adds during an online video statement. Any vow from the industry that the rate reform would allow them to charge lower rates is "an empty promise" because "they can do that now."
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