cbsnews.com
When Joy Sharp built a new home in the small coastal community of Wilmington, North Carolina, about eight years ago, her homeowners insurance cost was a relatively modest $1,400. That was then.Now, and after a series of violent storms slammed the Atlantic coast in recent years, her annual premiums have more than quadrupled. “Now I’ve been given renewal rates of $6,000,” Sharp, 39, herself an insurance agent, told CBS News. “So, it’s just every year, it goes up and up and up, and it’s not coming…
7 months ago