Mississippi House OKs bill to show insurance losses by ZIP code
Backers hope a unanimous vote in the House on Wednesday will give an insurance-clarity bill some momentum going to the Senate.
Rep. Scott DeLano, R-Biloxi, one of the sponsors of the Property Insurance Clarity Act (HB 739), said he and Insurance Committee Vice Chairman Charles Busby worked with the state Insurance Department and the insurance industry to allay some concerns that had killed the bill last year in the House.
The bill would require insurers to report, by ZIP code, the amount of policy premiums collected and the amount of claims paid.
DeLano said the main difference in this year’s bill is it requires insurers to report the information every three years rather than every year.
Sunherald
2/11/15
Magnolia Tribune
