|By Anita Lee, The Sun Herald|
|McClatchy-Tribune Information Services|
The group won passage of a law in
HHII helped get a similar law passed this year in
The group also hopes to use numbers already generated to push for lower coastal insurance rates in
"They basically adopted that strategy when the data came out and have really strained to attack the credibility of that data," said
Objections included counting upstate losses from a 2011 tornado outbreak, which the Alabama DOI considered a "rare" event that should have been excluded; overstated coastal policy counts in which a homeowner has one policy for wind and a second for other perils, and omission of insurer expenses, which are higher on the Coast.
The introduction to an Alabama DOI White Paper points out, "For many years before the Clarity Act was passed, the ALDOI has required insurance companies to include in their homeowners rate filings 5 years of premiums and losses by territory and statewide to support their requested rate change."
Lower premiums sought
Even if the Alabama DOI's objections are taken into account, Hanson said, coastal losses would be only 25 percent higher on average than the rest of the state --
The pricing, HHII contends, fails to follow state laws that prohibit inadequate and excessive premiums and discrimination. HHII is looking to Gov.
"The law's there," Hanson said. "It's just a matter of getting the governor to say, 'Enforce the law.'"
Trying for both sides
Mississippi Insurance Commissioner
"It can be modified," Chaney said. "It should be modified to be meaningful and helpful not only to the regulators but to the consumers."
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