NU Online News Service, Nov. 18, 1:00 p.m. EST
Homeowners rates in Massachusetts have been inflated due to the use of "unproven and in some cases discredited hurricane models," according to the state's attorney general.
In a letter to the State Rating Bureau, housed within the Division of Insurance, Attorney General Martha Coakley says, "In Massachusetts, insurers continue to use untested and discredited hurricane models and include inflated reinsurance provisions in their voluntary market rates."
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