Four insurance companies are offering wind coverage in the South Mississippi market, although restrictions apply.
Mississippi Insurance Commissioner Mike Chaney said he has recently approved the “surplus-lines” companies. Surplus-lines companies insure high-risk properties without state regulation of rates or any guaranty in case of insolvency.
They have been active for years in South Mississippi’s commercial market, but are now beginning to pick up homeowner customers as well.
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More Like This
More From This Author
Previous Story
Next Story
News
|
Alanna Durkin Richer, Associated Press
, Eric Tucker, Associated Press
, Colleen Long
•
January 14, 2025
Special counsel who investigated Trump says in report his team ‘stood up for the rule of law’
The Justice Department sent the report to Congress early Tuesday after a judge refused to block its release. Trump says he's “totally innocent.”