Judge Dismisses Hurricane Coverage Suit Against Insolvent Insurer

(September 18, 2023, 12:38 PM EDT) -- RALEIGH, N.C. — A North Carolina federal judge lifted a stay and dismissed a breach of contract suit filed by a homeowner against his now-insolvent insurer over failing to fully compensate for damages related to Hurricane Florence, finding that dismissal is appropriate because the homeowner and the North Carolina Insurance Guaranty Association (NCIGA), as statutory obligor, have resolved the claims in the suit....