Friday, December 09, 2005

 

Coastal Property Owners Losing Insurance Coverage

Some Massachusetts residents who own coastal property will be losing their insurance coverage beginning in February. The state's second-largest commercial insurer of coastal properties is dropping coverage to 6,500 policyholders in southeastern Massachusetts and Cape Cod. Hingham Mutual Group said company reinsurance payments are rising by as much as 20 percent as a result of Gulf Coast hurricane damage...

NBC News 10: Coastal Property Owners Losing Insurance Coverage

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