Saturday, August 6, 2016

FAIR Plan fined for impermissibly canceling homeowner's policies

Massachusetts Attorney General Maura Healey has announced that the Massachusetts Property Insurance Underwriting Association (FAIR Plan) has agreed to pay $350,000 to resolve allegations that it impermissibly cancelled homeowner's insurance policies between January 2010 and February 2014. 
The payment will be used to provide relief to homeowners who had to purchase more expensive insurance after their FAIR plan policies were cancelled.
Click here for a press release from the Attorney General's office with more information.