Property insurer asking state to allow 31% rate increase when policyholders renew
The state’s notoriously expensive property insurance may be getting even more costly. Trusted Resource Underwriters Exchange, which goes by the acronym TRUE, asked state regulators at a June 17 rate hearing to allow the insurer to jack rates up by 31% for its multiperil homeowners’ insurance for tens of thousands of policyholders when they renew