MIF supports use of standard hurricane models in the Massachusetts homeowners insurance market

PRESS RELEASE: Massachusetts Insurance Federation Executive Director James T. Harrington refuted claims made  by Attorney General Martha Coakley’s office in a letter to the State Rating Bureau of the Division of Insurance in which the Rating Bureau is requested to initiate proceedings to review homeowners’ insurance rates currently in effect. “We believe such proceedings would be unprecedented and are certainly not warranted by anything in the letter from the Attorney General’s office,” Harrington said. “Her claim that insurance companies in this state are using untested and unsupported hurricane models that…

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