NewburyportNews.com, Newburyport, MA

Local News

October 10, 2013

Pols push for delay of new rates

Leaders cite 'grave concern' as residents face sharp insurance increases

(Continued)

Without specifics, Hunter said that he had heard reports of significant increases.

“Anecdotally,” Hunter said, “I’ve heard costs could go up ten-fold.”

Marc Sarkady, who heads the Plum Island Foundation and owns a residence on the island, said, “I haven’t seen the figures, but I understand the increase is going to be between really enormous and unbelievably large.”

The letter that leaders are sending to the Capitol requests leaders “to ensure that the following steps are taken to address the following challenges: adequate funding for the National Academy of Sciences to complete an affordability study, and a delay in the immediate premium rate increase for small business and for sales of residential properties.

The letter was directed to top leaders, including Senate Majority Leader Harry Reid and Speaker of the House John Boehner.

Those signing the request included Sens. Edward Markey and Elizabeth Warren, Tierney, and the state’s eight other congressional representatives.

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