Posts Tagged ‘homeowners insurance’

Barbour wants stronger construction, not wind pool

by Wally Northway Published: March 18,2010

Tags: disaster preparedness, disaster recovery, homeowners insurance, housing, real estate

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 […] [...]

State Farm to offer wind-mitigation discounts

by Associated Press Published: March 3,2010

Tags: homeowners insurance, insurance, State Farm, wind mitigation

MISSISSIPPI GULF COAST — State Farm will offer discounts in Mississippi beginning May 1 for homes and rental property strengthened against wind damage. Insurance Commissioner Mike Chaney tells The Sun Herald that he approved State Farm’s plan to offer the mitigation discounts. They will apply to new construction and retrofits to older homes. Discounts range […] [...]

State Farm exiting Florida market

by Associated Press Published: January 29,2010

Tags: homeowners insurance, housing, insurance, real estate, State Farm

TALLAHASSEE, Fla. — Thousands of State Farm Florida property insurance customers will be seeing notices in their mailboxes next week saying their policies will not be renewed, a company spokesman said Thursday. The first wave of notices will be mailed Monday to a selected number of the company’s policyholders who were set to renew Aug. […] [...]

Wind Pool gets $19M transfer

by Wally Northway Published: December 28,2009

Tags: disaster recovery, homeowners insurance, insurance, natural disaster, real estate

MISSISSIPPI GULF COAST — Wind Pool policyholders may soon find needed relief from rising premium costs with the transfer of $19 million from the Mississippi Insurance Department (MID) to the Mississippi Windstorm Underwriting Association, commonly referred to as the Wind Pool. The transfer of funds is in process, and should be completed by the first […] [...]

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