A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose how much they’re charging customers by geographic area.
The idea, which originated in Alabama, is meant to provide evidence to people who are fighting for lower insurance rates.
The cost to insure homes spiked in coastal areas following 2005’s Hurricane Katrina and have not fallen much since. Members of the Mississippi Affordable Wind Insurance Coalition say the cost of insurance is causing some people not to buy houses and is exhausting the savings of others.
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