Chaney Discourages Coast-Only Rate Hikes

By: The Associated Press
By: The Associated Press

A state regulator says insurers are being discouraged from asking for higher rates targeted at a specific region of Mississippi, such as the Gulf Coast.

Insurance Commissioner Mike Chaney says he will require that insurance companies initially file requests for rate increases that would apply statewide.

Chaney says this is a departure from a longtime state Insurance Department practice of allowing companies to request higher rates only in south Mississippi.

Chaney, in an interview Wednesday with The Sun Herald newspaper, says past rate increases have driven rates high enough in south Mississippi for now.


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  • by Anonymous on Dec 28, 2009 at 05:22 AM
    Just one more indication that soon we will be a socialist nation. I lived on the coast for years before coming to Meridian and we understood that our insurance would be higher, the closer you live to the beach or water in general the higher the rate, that's only fair.
  • by terry graham Location: shubuta on Dec 25, 2009 at 01:26 PM
    WHY SHOULD I HAVE TO PAY FOR OTHER PEOPLES INSURANCE ON THE GULF COAST? I DONT LIVE THERE BECAUSE I CAN'T AFFORD IT. IF PEOPLE WANT TO LIVE THERE, LET THEM PAY FOR IT. TREAT THE RATE HIKE LIKE A USER TAX.
  • by Tim on Dec 25, 2009 at 07:45 AM
    looks like the republican party, first Thad Cochran voting for the stimulus and now Mike Chaney wanting to spread the cost of insurance, still doesn't get it. if you want to be democrats, run as democrats.
  • by Harold Location: Meridian on Dec 25, 2009 at 05:59 AM
    Is it hard to believe that today's government requires that the income of everyone be redistributed equally to all?
  • by Anonymous on Dec 24, 2009 at 10:51 AM
    so sped the load on all even the ones that are smart enough not to live on ground zero.. .. its called part of living cost. you want to live in a area that is prone to troubles like that then pay for it..
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