Home » Tag Archives: Mississippi Windstorm Underwriting Association

Tag Archives: Mississippi Windstorm Underwriting Association

Act now before storm season

If you think preparing for storm season only means stocking up on extra drinking water and food or filling your gas tank, you are missing a very important step in your preparations. You should get to know your insurance policy. Knowing what’s covered and what’s not can save you a world of trouble and possibly a lot of money if ...

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Windpool, private insurer on coast confident they can handle Isaac risks

As Isaac bore down on the northern Gulf Coast last week, newly purchased reinsurance allowed the head of the Mississippi Windstorm Underwriting Association to concentrate on the storm’s path and its aftermath rather than worry over covering claims. The new reinsurance — and Windstorm Underwriting Association chief Joe Shumaker’s sense of security — had been in place since March. “If ...

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Last again: Insurance Institute gives state nation’s lowest grade for hurricane-resistant structures

The absence of a statewide building code makes Mississippi the most vulnerable of the 18 Atlantic and Gulf coast states deemed most hurricane-prone, the Insurance Institute for Business & Home Safety says. In rating the states, the Institute gave Mississippi a grade of 4 out of a possible 100. By comparison, Virginia and Florida, both of which enacted strong codes ...

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Better buildings bring stability

However, truly affordable rates are missing until companies that quit providing commercial coverage after Hurricane Katrina resume business in the region Quality construction has improved and an expanded roster of insurers willing to write policies have helped to stabilize the cost of insuring coastal Mississippi businesses against hurricane loses, insurance professionals say. But Gulf Coast businesses won’t be seeing truly affordable ...

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