The Fair Plan has proposed a 9.9% Homeowner Insurance Rate Increase for the Cape and Islands.
The MA Division of Insurance will be holding a Public Hearing Wednesday May 29, 2013 at 11 AM at 367 Main Street, Barnstable Town Hall- Hyannis Ma. regarding the 9.9% Rate Hike proposed by the Fair Plan for the Cape and Islands.
I am hoping you all will make an effort to attend this hearing and possibly speak to the Hearing officer describing in a short message your experience.
Click here for the flier on this hearing and I ask for your help to print some copies and post in stores, the town dump and post offices if allowed, so the public will be aware of this important opportunity and responsibility.
We need many voices to speak out on the injustice of the excessive premiums the homeowners on Cape Cod and the Islands have been charged.
I urge you to tell others and please help to get this requested rate increase denied by the Commissioner of Insurance, especially for the Cape and Islands.
Paula Aschettino
Chair- Citizens for Homeowners Insurance Reform
www.homeownersinsurancereform.org
508-846-5250 cell
Voluntary Insurers raise Premiums 437%
I urge all to write their insurance story: rate increases, deductibles, increased replacement values, any homeowner insurance information and mail this to the Financial Services Committee and to the new Rating Bureau Director at the DOI: your stories are powerful!
Joint Committee on Financial Services
Senate Rm 424 State House
Boston, MA 02133 |
Joint Committee on Financial Services
House Rm 254 State House
Boston MA 02133 |
Matthew Mancini
Rating Bureau Director
MA Division of Insurance
1000 Washington St.
Boston, MA 02110-2208 |
Letter to Attorney General Martha Coakley
Many may be missing out on insurance savings - By Jay MacDonald, Bankrate.com
Michael Barry, of the Insurance Information Institute, offers these tips to save on insurance without unduly sacrificing on coverage...
Click here to read entire article
Robert Hunter, Director of Insurance for the Consumer Federtion of America Organization has sent his recent data and opinions on needed changes in homeowners insurance. Click the following links to read them:
New York Governor's Commission Insurance & Risk Management Reform Subcommittee
NAIC Remarks at Hearing on Hurricaine Sandy
Karen Clark & Co. Introduces RiskInsight® Platform for Cat Risk Managment
Boston-based Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, announced the release of the RiskInsight® open, global platform for catastrophe risk management ...more
Taking heat is part of the job for state insurance chief - Boston Globe, 7/29/12
Click here to read full article
Please send your homeowner insurance story to twallack@globe.com so he will understand that the denial and minimizing of the excessive homeowner rates by the Commissioner of Insurance and Governor is unjust and a failure of the Patrick Administration. You may also send your story to the Governors Office:
Governor Patrick
State House Rm 280
Boston MA 02133
Help Fight Rate Hikes of the Voluntary Market Companies
Sample letter to the Commissioner of Insurance
Fair Plan Rate Hike Request Dismissed & Disapproved by MA Commissioner of Insurance.
The Attorney General and State Rating Bureau challenged the adequacy of the evidence presented by the MPIUA( Fair Plan) to support it's proposed rates. The Commissioner agreed that the Fair Plan did not meet it's burden of proof on the accuracy of the Hurricane Models to MA and the reinsurance proposed.
Click here for the full decision.
MA Regulators should probe Liberty Mutual
I am asking members to e-mail the Governor at: constituentservices@state.ma.us regarding the Liberty Mutual Tax Break and Commissioner of Insurance Murphy poor job to protect consumers. Also call your legislator and ask for their investigative help on this matter.
Thanks,
Paula
Click here to read Paula's email to legislators.
Ron Lasko, a consumer advocate who supports our efforts, responds to the Cape Cod Times series by Jack Golembeski, President of the Fair Plan which was in response to Paula's My View series.
Click here to read Ron's response.
Cape Cod Times three-part series examining homeowners insurance in Massachusetts written by Paula Aschettino, chairwoman of Citizens for Homeowners Insurance Reform, and members and consumer advocates Ron Lasko and Jane Logan.
Click here to read the three-part series.
Click here for the legislators testimony to the Docket Clerk on the Fair Plan Rate Hike
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