Chaney: Veto will not affect Wind Pool
MISSISSIPPI GULF COAST — Gov. Haley Barbour’s veto of legislation giving an additional $20 million to the Mississippi Windstorm Underwriting Association (Wind Pool) will not increase coastal rates this...
View ArticleWind Pool board heads overseas for low reinsurance rates
MISSISSIPPI GULF COAST — 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...
View ArticleWind Pool buys $815M in reinsurance for upcoming hurricane season
MISSISSIPPI GULF COAST — Jackson County board member Mark Cumbest says Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. Reinsurance — essentially...
View ArticleWind pool rate to go up 3.2% for homeowners, 5% on commercial policies
MISSISSIPPI GULF COAST — Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reports a Mississippi Insurance Department filing shows owners...
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