N.J. Bill Seeks to Prohibit Home Insurers From Raising Rates After Single Claim

February 25, 2015

  • February 25, 2015 at 4:34 pm
    nyagent301 says:
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    Ridiculous bill!

    • February 26, 2015 at 9:54 am
      Yogi Polar Berra says:
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      Ridiculous legislator!

      The article says a premium may be raised as much as 9%. I wonder why the person quoted didn’t give the average rate increase for a single claim. Say it is 4%. Who cares? This seems to be one of those bills designed to make the legislator look good with the public, especially those impacted by Hurricane Sandy and poor claim settlement that is getting publicity in the Northeast.

      Here’s a better idea; NJ residents should demand their representative vote for a bill that mandates state legislators in NJ may not vote to increases taxes after a single term in their legislative seat.



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