Regulators Find Fault With People?s Trust - A Home Insurer

  A new insurer cut corners to provide lower premiums for homeowners insurance, but regulators say that's not acceptable. To reduce premiums, People's Trust sold policies with higher windstorm deductibles (as much as 10 percent), applied mitigation, roof and building code credits when a home didn't deserve them, reduced personal contents coverage and eliminated other coverages [...] Related posts:Travel Insurer: Weak Economy Not Keeping People at HomeArizona Hits Insurer With Cease-And-Desist OrderTexas lawmakers take aim at home insurance rates