Massachusetts will begin public hearings next week on a request by the state’s property insurer of last resort to raise rates from 1.9 percent to 7 percent.
The hearings are set to begin Dec. 15 on the request by the Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the FAIR Plan. The MPIUA is seeking overall rate increases for Homeowners Multi-Peril of 1.9 percent; for Dwelling Fire and Extended Coverage, 7.0 percent; and for Commercial Fire and Allied Lines 0.0 percent.
The proposed effective date for each filing is Dec. 31, 2009.
Topics Property Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
Preparing for an AI Native Future 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
