Commercial insurance rates will crush small businesses

Letter to the Editor


Your article of July 18 hit the nail squarely on the head.

For my small enterprise, a 300 percent increase in rates just passed across my desk. And it gets better. Due to the age of my office structure, I was forced into the wind pool, despite my loyal payments and minimal Katrina damage. No more fence insurance available either, unless I resort to the pool at much higher rates. The sad part is that I can't afford enough coverage for total replacement.

This stings. It will hurt my business, my employees, and - when compounded by the fact that every other small business is facing the same hurdle - it will hurt South Mississippi.

In the words of Congressman Gene Taylor: "People who played by the rules and expected insurance companies to play by the same rules got screwed."

JIMMY MILLER
Gulfport

Published in Sun Herald on July 26, 2007.

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