A8389 — Prohibits increases in rates of homeowners' insurance in excess of twenty-five percent per year

A8389 — Prohibits increases in rates of homeowners' insurance in excess of twenty-five percent per year · Informed CitizenryThis bill amends the insurance law to prohibit insurance companies from increasing homeowners' insurance rates by more than 125 percent of the previous year's rate. The bill defines homeowners' ins…Open in Informed Citizenry