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H 1175

An Act to provide homeowners with fair insurance premiums

194th Legislature (2025-2026) Introduced by Carlos González

Massachusetts bill requiring homeowners insurance companies to justify and moderate premium increases to improve housing affordability.

Hearing scheduled for 05/13/2025 from 10:00 AM-01:00 PM in A-2
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Bill Summary · H 1175

Legislative bill overview

H 1175 proposes to regulate homeowners insurance premiums in Massachusetts, aiming to ensure rates are fair and justified. The bill was introduced by Rep. Carlos González and has been referred to the Financial Services Committee for review, with a hearing scheduled for May 13, 2025.

Why is this important

Massachusetts homeowners have faced significant insurance premium increases in recent years, driven by factors like climate risk, inflation, and underwriting changes. This bill addresses growing constituent concerns about housing affordability and insurance accessibility, which directly impact the cost of homeownership across the state.

Potential points of contention

  • Insurance industry opposition: Insurers may argue that rate regulation limits their ability to accurately price risk and could reduce market competition or lead companies to exit the state market
  • Scope and mechanism unclear: The bill's specific provisions aren't detailed in available records—it's unclear whether it caps rates, mandates transparency requirements, requires actuarial justification, or implements other regulatory measures
  • Definition of "fair": Balancing insurer solvency and profitability against consumer affordability involves competing interpretations of what constitutes reasonable premium-setting

Compiled from official sources — confirm details with the bill’s official record.

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