Barbour wants stronger construction, not wind pool
Published: March 18,2010
JACKSON — Gov. Haley Barbour says he prefers strengthening construction along Mississippi’s coastal counties to lower insurance rates rather than subsidizing insurance policies through the wind pool program.
“Since Katrina I have emphasized the need to build back stronger than before,” Barbour said. “Working with the insurance commissioner, we’re putting $20 million into helping people upgrade their homes, making them more hurricane resistant.”
The state has appropriated money each year since 2007 to the wind pool to help make insurance premiums more affordable. At the end of this fiscal year, the wind pool will have received $160 million from state and Community Development Block Grant funds.
Funding through a grant by the Federal Emergency Management Agency, the Wind Mitigation Retrofit Program would concentrate on improving roof systems with better roof-to-wall connections and hurricane straps. The program also works toward better seals on windows, doors and garages and improved roof systems, such as upgraded shingles.
The wind pool already has a discount program called the MWUA Retrofit Mitigation Program. However, the MWUA program does not pay for mitigation measures, but provides a schedule of discounts based on mitigation completed.
The Wind Mitigation Retrofit Program would subsidize the cost burden for homeowners to complete the retrofit measures to receive discounts through the wind pool and private insurance company programs.
FEMA has given the state preliminary approval for the program, and is working with the Mississippi Emergency Management Agency on a final application.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- Margaritaville owner files for bankruptcy before landlord hearing
- Delta Council says condition of Highway 6 'of crisis dimensions'
- Severstal completes the sale of Columbus plant to Steel Dynamics
- Another marker going up on Mississippi Country Music Trail
- Researchers fly drone into hurricane for the first time
- City leaders vote against offering insurance to one adult, possibly same-sex partner
- House votes for transfer of Yellow Creek Port land to state