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Morrison to investigate rising insurance rates

 


HELENA - State Insurance Commissioner John Morrison, citing a large number of consumer complaints, said Monday his office will investigate a pattern of rapidly rising homeowner insurance rates in Montana.

He said the study will determine whether the rate increases are excessive or unfairly discriminatory, and whether anything can be done to curtail the escalating premiums.

Morrison, expressing concern about Montanans' ability to afford insurance on their homes, said the four largest homeowner insurance companies in the state have increased their rates between 25 percent and 67 percent in th...



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