Monday, September 03, 2007

Blog Index

Items in Red are NEW
Items in Green are UPDATED
Writing in Purple is my addition

Other Sites Related to Hancock County Relief
Katrina Networking Site
Pearlington
Waveland
BayStLouis
Gulf Coast Artist Relief
Gulf Coast Emergency Services Relief
Real People Relief


Volunteer Information
For Agencies and Organizations
Katrina's Angels
For Non-Profits and Municipalities
Assistance For Schools
Grants for Non-Profits
Grants For Communities
Citizen Action Team
Community Gardens Effort
City Action Partnership
Gulf Coast Civic Works Project - please support
MS United Methodist Disaster Response
UMCOR Response
Safety Guidelines For Volunteers

For Individuals
Resource Pages -
Grandfamily/Single Parent Resources
Family Resources
Medical Resources
LA Family Resources
Education Assistance
Businesses
Mortgage Resources
Furniture and More
Home/Utility
Elderly
Resources for Children/Childcare
Disabled
Grants for Individuals - does not include homeowner or repair grants
Dental

Articles, etc.
Article Index
Pictures and Videos Collected
Blogs To Follow
FEMA Information

Children's Information
Helping Expectant Mothers
Boys and Girls Clubs

County Information
6/27 East Hancock Volunteer Fire Department
Long Term Recovery Organization 6/5 - updated with lumber information
Hancock County Arts
Hancock County Event Calendar
Radio Station (2/16 Article )
Green Spaces Landscaped
West Hancock Fire and Rescue
Hope Haven Childrens Shelter
Support The Shelter - Buy an Afghan
Friends of The Animal Shelters
Hancock County Families in the Real People Relief Blog
Emergency Operating Center
Food Pantry Updated
Library System Information

Organizations Working For The County
CC Here Hope
Volunteer Index Of Many Organizations Working in Hancock County
Calvary Chapel
Charity in Action
Camp Victor
Manna Ministries
Disaster Corp
MDA Office Opening in Hancock County
Powerhouse of Deliverance Church
KenTenn
Gulf Coast Recovery Corp in Kiln
Medical Center Assistance
Sheds of Hope - Through Lagniappe Presbytery
Governors Commission Housing Center

Helping Without Going Down

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posted by Leslie @ 9/03/2007 04:10:00 PM 1 comments

Wednesday, August 02, 2006

Insurance Article - wind pool

3/16
Both chambers of the Mississippi Legislature on Thursday approved a bill designed to provide stability for the wind pool -- the insurer of last resort for homeowners in high-risk areas. The bill heads to Governor Haley Barbour.

It is designed to give every wind pool policyholder an estimated $500-a year price break on the premium. The relief would be given for four years, and money to cover it would come from a fund created by the premium taxes paid on insurance policies statewide.

Lawmakers say $20 million a year will be taken from the fund -- that's $80 million over the four years.

Coast leaders say providing stability to the Mississippi Windstorm Underwriting Association, often called the wind pool, is an important step in spurring redevelopment nearly 19 months after Hurricane Katrina left a broad swath of destruction across the southern end of the state.

Any insurance company that writes policies in the state must pay an assessment to the wind pool, which provides coverage in the six southernmost counties. Companies that offer policies in the high-risk areas can write themselves out of the assessment, but many have chosen not to do so.

After Katrina, policyholders statewide saw rate increases as companies tried to cover their costs for the wind pool. Officials say rates on the coast more than doubled in some cases, and the
prohibitively high cost of coverage has put the brakes on redevelopment.

1/12
Plan To Shore Up 'Wind Pool' Advances At Capitol
POSTED: 7:03 pm CST January 10, 2007
UPDATED: 7:10 pm CST January 10, 2007
JACKSON, Miss. -- Trying to keep a lid on rising commercial insurance costs along the Gulf Coast, the Mississippi House approved a bill Wednesday to put $30 million into the wind pool program.
The House vote was 119-1. The proposal moves to the Senate for more debate.
Gov. Haley Barbour has said he wants to spend federal money, rather than state money, to shore up the Mississippi Windstorm Underwriting Association.
The association is the insurer of last resort in the six southernmost counties, and it's often called the wind pool. It assesses companies throughout the state to provide coverage in areas most insurers deem too risky.
Since Hurricane Katrina struck Aug. 29, 2005, the wind pool's rates have jumped 268 percent for businesses and 90 percent for homeowners.
Senate Insurance Committee Chairman Dean Kirby said last week that mitigating the commercial rate increases would help drive economic growth on the coast and speed up recovery from the unprecedented storm.

Request For Fed Help With Wind Pool
Gov. Looks For More Federal Money For 'Wind Pool'
POSTED: 12:36 pm CST November 20, 2006
UPDATED: 3:13 pm CST November 20, 2006
JACKSON, Miss. -- Gov. Haley Barbour is looking for a way to pump more federal dollars into Mississippi's "wind pool" insurance program to cope with premium rates that could derail Hurricane Katrina recovery.
Wind-pool premiums were recently increased 268 percent for business owners and 90 percent for homeowners. The increases would have been far worse had the governor not received approval to cushion the blow with $50 million in federal Katrina-relief money.
Even with the rate increases, more Mississippians are being forced into the state-sanctioned wind-pool insurance because private companies are refusing to write policies after Katrina.
The wind pool was created after Hurricane Camille in 1969 to provide wind-damage coverage in areas in the six southernmost counties where companies don't want to write standard policies.
Home and business owners pay the premiums. When damage exceeds the money collected in wind-pool premiums, the more than 500 insurance companies that do business in the state have to pay the difference.
Those companies have had to pay more than $545 million in wind-pool losses from Katrina.
Even with this year's rate increases, the wind pool is nowhere near sound.
The wind pool since 1987 has taken in $188 million in premiums and paid out $778 million.
Dale Approves 90 Percent Increase In Wind Pool Rates

Mississippi Insurance Commissioner George Dale on Friday approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association. The association, commonly known as the wind pool, had requested a rate increase of almost 400 percent as a result of the devastation caused in August 2005 by Hurricane Katrina. Dale said a rate increase of that size was unacceptable.

http://www.wlox.com/global/category.asp?c=71755

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posted by Leslie @ 8/02/2006 07:56:00 PM 0 comments