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No insurance hikes on horizon, commissioner says

GULFPORT -- Insurance Commissioner Mike Chaney said today that he believes insurance rates have leveled off in Mississippi for the time being.

While an active hurricane season is anticipated, he told a Gulfport business group at lunch, models show that sea currents should steer hurricanes to Mexico, Texas and the East Coast.

As for the long-term outlook, he said, "if you want to lower insurance rates on the Coast, you've got to build a stronger home, stay out of the flood plain and wetlands."

Read more in Wednesday's Sun Herald.

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