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Tag Archives: homeowners insurance

Barbour wants stronger construction, not wind pool

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 ...

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State Farm to offer wind-mitigation discounts

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 from 8 to 30 percent, ...

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State Farm exiting Florida market

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. 1, spokesman Chris Neal said. ...

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Wind Pool gets $19M transfer

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 week of Jan. 2010. “The ...

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