Barbour vetoes wind pool bill
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Just how long can Dan stand?
- BILL CRAWFORD: Dan Jones not the angel he is portrayed to be
- Chancery judge delays JRA bond approval for Jackson's Westin hotel
- KILL BILL: Common Core death knell heads to Gov. Bryant's desk
- The Dan Jones-IHL saga: Is this the story that started it all?
- Keeping our eye on: Neal Stephens
- Cal-Maine income skyrockets as prices rise and costs shrink
- DAVID DALLAS — From Dan and Dixie with love
- Business groups file briefs in support of Kemper coal plant rehearing