by Associated Press Published: May 7,2012
Tags: home insurance, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, residences, residential real estate, residents, severe weather, tropical weather, Weather, wind coverage
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 [...] [...]
MISSISSIPPI GULF COAST — Jackson County board member Mark Cumbest says Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. Reinsurance — essentially insurance for insurers — is a major driver of policy premiums. It protects the Mississippi Windstorm Underwriting Association from debilitating claims, such as those created [...] [...]
by Associated Press Published: March 26,2012
Tags: courts, disaster recovery, flood, flooding, homeowners insurance, homes, houses, hurricanes, insurance, judges, judicial, judiciary, justices, l homeowners, natural disaster, severe weather, tropical weather, Weather
JACKSON — The Mississippi Supreme Court has denied motions to reconsider its ruling last December that overturned a judgment for an insurance company in a wind vs. water case. The case involved a Pascagoula home hit by 6.3 feet of storm surge during Hurricane Katrina in 2005. Both the homeowners and Nationwide Mutual Fire Insurance [...] [...]
by Associated Press Published: March 14,2012
Tags: bills, building codes, construction, flooding, floods, hail, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, law, lawmakers, legislation, legislative branch, legislators, Legislature, rain, residences, severe weather, state government, tornadoes, tropical weather, Weather, wind
JACKSON — The Mississippi House passed a bill yesterday to require insurance companies to offer discounts on costly hurricane coverage in five southern counties, including three on the Coast. Discounts are required by July 2013. They would go to single-family homes and some manufactured homes for meeting strong-house standards in the current building code, those [...] [...]
by Associated Press Published: January 30,2012
Tags: flood insurance, homeowners insurance, hurricanes, insurance, real estate, severe weather, state government, storm surge, tropical weather, Weather, wind, Wind Pool
MISSISSIPPI GULF COAST — Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums. The Mississippi Press reports that the board left Saturday and are expected to return Friday. The Mississippi Windstorm Underwriting Association is the insurer of last [...] [...]
by Associated Press Published: December 27,2011
Tags: courts, flood insurance, homeowners, homeowners insurance, homes, hurricanes, insurance, severe weather, tropical weather, Weather
PASCAGOULA — The Mississippi Supreme Court has overturned a judgment for an insurance company in a wind vs. water case involving a Pascagoula home hit by 6.3 feet of storm surge during Hurricane Katrina in 2005. The National Flood Insurance Program paid Michael Robichaux and his wife, Mary, who has since died, policy limits for [...] [...]
by MBJ Staff Published: December 16,2011
Tags: federal government, flood insurance, flooding, floods, homeowners insurance, insurance, levees, rain, severe weather, Weather
WASHINGTON — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.), are encouraging community leaders, engineers and people in flood-prone areas to assess and then comment on a new “levee-inclusive” risk assessment process that will replace the “without levee” method criticized by the lawmakers earlier this year. The Federal Emergency Management Agency has opened a [...] [...]
by MBJ Staff Published: October 20,2011
Tags: flood insurance, flood protection, flooding, floods, homeowners, homeowners insurance, homes, houses, rains, real estate, residential real estate, severe weather
WASHINGTON — U.S. Senators Thad Cochran (R-Miss.) and Mark Pryor (D-Ark.) have launched an effort to convince their colleagues to overturn a provision in Senate legislation that would require federal flood insurance coverage in areas already protected by levees, dams or other flood control structures. Cochran and Pryor are asking their colleagues to join them [...] [...]
by Associated Press Published: October 11,2011
Tags: courts, disaster, disaster recovery, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, lawsuit, natural disaster, rain, real estate, residences, severe weather, storm surge, tropical weather, water, Weather, wind
PASCAGOULA — A decision is pending from the Mississippi Supreme Court in another wind-versus-water case, this one involving a Pascagoula home subjected to 6.3 feet of storm surge. The National Flood Insurance Program paid Jackson County sheriff’s deputy Michael Robichaux and his wife, Mary, who has since died, policy limits for the loss of their [...] [...]
by MBJ Staff Published: August 26,2011
Tags: disaster, flood insurance, flooding, floods, homeowners insurance, homes, houses, housing, insurance, natural disaster, rain, real estate, residences, severe weather, Weather
JACKSON — Attorney General Jim Hood is requesting the help of Mississippi’s congressional delegation in asking for a federal waiver of the Federal Emergency Management Agency’s (FEMA) flood mitigation ordinance for hunting and fishing camps. A recent opinion by the Attorney General’s Office highlights a conflict between state law and FEMA regulations. The opinion recognizes [...] [...]
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