Windstorm insurer gets $19 million to stabilize coastal rates in Mississippi

12/28/2009 | PropertyCasualty360

The Mississippi Windstorm Underwriting Association, the state's insurer of last resort, is receiving a loan worth $19 million from the Mississippi Insurance Department to stabilize its homeowners' rates in coastal areas. "This is just one of many efforts the department is undertaking to help coastal policyholders. We are continually seeking out and researching more ways to bring rates down on the coast," Insurance Commissioner Mike Chaney said.

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