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Bill giving insurers ability to raise rates, offer discounts fails in committee

Posted: April 16, 2013 
The complete article can be found here: WRAL.com

Raleigh, N.C. — A bill that opponents, including local car insurers and North Carolina's insurance commissioner, said would raise car insurance rates on most drivers failed in committee Tuesday.

Voting 18-11, the House Insurance Committee rebuffed a measure sought by national insurance companies such as State Farm, Geico and USAA. Although this doesn't absolutely kill the measure, advocates watching the issue say lawmakers are likely to move on to a more modest measure that allows for more discounts without changing the state's regulatory structure.

Dozens of lobbyists and insurance executives crammed into the concrete-walled committee room Tuesday after weeks of pigeonholing lawmakers over the bill. Committee Chairman Jerry Dockham gave a few of those lobbyists a chance to speak the committee.

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