Coastal Insureds, Insurers Brace for Start of New Hurricane Season

By | June 1, 2009

  • June 1, 2009 at 2:04 am
    New England Coastal Agent says:
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    New York to Florida!!! How about Massachusetts to Florida. Except for the FAIR plan, there is limited access to coastal markets in MA, RI, or CT from what I understand, except for a company with a Dimotech rating. When the big one blows will this company be standing, or out of business?

    The coastal market is worse than it has ever been, even with most companies having rate increases in the 20-80% range on renewals. New business is pretty much shut down.

    As for trusting your state regulators, you have got to be kidding.



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