14,000 Cape Cod insureds to lose Andover policies.Massachusetts' homeowners insurance market is feeling the pinch pinch, n a small amount of chewing tobacco (snuff) an individual takes to use the substance for its desired effect. A “pinch” is called a quid in Britain. as the state's largest provider said it would withdraw from Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. , leaving about 14,000 policyholders searching for coverage. Andover Andover (ăn`dōvər), town (1990 pop. 29,151), Essex co., NE Mass.; inc. 1646. Chiefly a textile producer in the 19th cent., Andover now makes toiletries, electronic and computer equipment, chemicals, medical instruments, rubber products, Cos.--the state's largest homeowners writer--decided to stop writing business in Barnstable Barnstable (bärn`stəbəl), town (1990 pop. 40,949), seat of Barnstable co., SE Mass.; inc. 1639. It is a resort town on Cape Cod. Industries are tourism, fishing, and cranberry farming. County, which is essentially Cape Cod, said Frank O'Brien, vice president, regional manager and counsel for the Property Casualty Insurers Association of America. This brings up concerns about the homeowners market, as Andover is the latest in the number of insurers that have found the Cape isn't a viable market, he noted. |
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