Thursday, April 27, 2006

Insurance money grab: 400% Rate Increase Requested by Mississippi's Insurer of Last Resort

Administrators of the Mississippi Windstorm Underwriting Association are preparing to ask for a 400 percent rate increase for the state-operated insurer of last resort. It's expected that such a rate increase would raise average premiums in the wind pool from $800 to $3,200 a year. Monroe News-Start, 04/25/2006

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