on July 29, 2012 by admin in Insurance Industry, Comments (0)

Taking heat is part of the job for state insurance chief

Many companies have also raised home insurance premiums recently, citing a jump in weather-related claims last year. Bunker Hill Insurance Co., which insures about 34,000 homes in Massachusetts, recently raised rates by nearly 10 percent. Andover Cos., with more than 100,000 customers in the state, raised homeowners’ insurance rates by an average of 9 percent in March.

Article source: http://www.boston.com/business/articles/2012/07/29/massachusetts_insurance_commissioner_joseph_murphy_faces_criticism_from_all_sides/

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