NU Online News Service, Jan 7, 11:48 a.m. EST
Massachusetts Attorney General Martha Coakley's Office has reached an agreement with the state's residual market property insurance pool to roll back rates .72 percent, it was announced.
Instead of the 2.2 percent rate increase requested by the Massachusetts Property Insurance Underwriters Association, also known as the FAIR Plan (Fair Access to Insurance Requirements), Massachusetts homeowners will save over $7 million, Ms. Coakley's office said.
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