wind pool reinsurance News

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. …