Mississippi’s insurance commissioner is pushing a bill to strip a tax subsidy and authority from the state’s insurer of last resort for hurricane-prone coastal residents. Commissioner Mike Chaney says the Mississippi Windstorm Underwriting Association, known as the “wind pool,” spends …
Results of Mississippi’s Property Insurance Clarity Act Data Call are in and they confirm what insurance experts in the state say they already knew: insurers are not overcharging coastal residents in Mississippi. In fact, many Mississippi homeowner insurers are actually …
Property insurers in Mississippi have until October 1, 2015 to respond to the Mississippi Insurance Department’s (MID) first call for homeowners’ insurance policy data that will be used to satisfy the requirements of the new Mississippi Property Insurance Clarity Act. …
Large businesses and government agencies have been getting a big break on premiums in Mississippi’s coastal insurer of last resort, but it’s coming to an end. Mississippi Windstorm Underwriting Association representatives told the Sun Herald that the wind pool’s residential …
Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reported that a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes of 3.2 …
Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. The Mississippi Windstorm Underwriting Association isn’t releasing the exact cost to protect future negotiations with reinsurers, but paid $65 million to $75 million for …
Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums. The Mississippi Press reported that they left Saturday and are expected to return Friday. …
