More insurers writing wind coverage policies on Coast
Published: May 7,2012
MISSISSIPPI GULF COAST — Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi.
Angelyn Treutel is an independent insurance agent and vice president of the agency South Group Insurance Gulf Coast. She tells The Sun Herald many more companies have come into the market.
They include PURE — for Privilege Underwriters Reciprocal Exchange — which offers coverage for houses valued at $750,000 that have hurricane fortification. Coastal American, founded in 2010, targets well-built or newer homes valued at $100,000 to $300,000.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Moon River Foods creating 100 jobs in Mississippi Delta
- Two BancorpSouth mergers delayed by federal inquiries
- Severstal selling plants, including Severstal Columbus
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Communities awarded national Main Street accreditation
- Weyerhaeuser investing $57M to modernize lumber mill
- Google chooses Mad Genius as example of Internet use