Barbour vetoes wind pool bill
Gov. Haley Barbour
JACKSON — Gov. Haley Barbour has vetoed a wind pool bill because he says it is unnecessary.
The bill did not include any money.
It would’ve added two years to a plan that diverted $20 million in insurance premium tax revenues into the Mississippi Windstorm Underwriting Association Reinsurance Assistance Fund, commonly called the wind pool.
The original diversion was signed into law in 2007 and is set to expire on June 30. Barbour says the state has put the entire $20 million into the wind pool.
The diversion was aimed at helping reduce insurance premiums on the Coast.
The bill is House Bill 173.
Close this Window Bookmark and Share This Page
Copy HTML:
If you like this then please subscribe to the RSS Feed.
![[Print]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/email_2.png)
![[RSS Feed]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
![[Digg]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/digg.png)
![[Facebook]](http://msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
To sign up for Mississippi Business Daily Updates, click here.
Recent Posts
- Court: Fees paid to private lawyers to represent state are public funds
- Senate approves 60-day extension of federal flood insurance program
- Coast casinos up, riverboats down in April
- Topazi retiring as COO of Southern Company
- Historic train getting renovations, but city needs $250K to complete project
- MBJ EDITORIAL: Questions we should ask the new chief of the MDA
- Forecasters: Atlantic could see 15 storms this hurricane season
- Louisiana PSC approves Entergy’s bid to join MISO
POST A COMMENT