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Tuesday, June 2, 2009

Insurance Rates Could Rise

Insurance rates could go up for Atlanta homeowners if the city doesn’t hire more firefighters. Georgia Insurance and Fire Safety Commissioner John Oxendine Cited a report by the New Jersey-based Insurance Services Office. Many companies use the rating to help determine how much homeowners should pay for insurance. It found Atlanta's public protection classification rating dropped from 2 to 4 on a scale of 10 with 1 being the best rating. Atlanta has nine months to make changes that will allow the city to keep its current rating or drop to a 3.

(Associated Press)

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