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
- Warden who lives hundreds of miles from jail resigns
- Jail kitchen supervisor pleads guilty to stealing food
- BankPlus recognized for alternative program to payday lending
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Top 10 finalists chosen for C Spire Conerly Trophy
- Stricklin: Deer parasites don't affect quality of venison
- Prison-contract task force working in wake of Epps' indictment
- Bryant wants free tuition for students with technical diploma