Mississippi lawmakers' passage of legislation to reform the state's wind pool yesterday has drawn praise from an insurance trade group.
The state's legislature gave final approval to a measure that, according to the American Insurance Association, will permit the insurance commissioner to authorize a surcharge on property insurance policies, which would be used by the wind pool, to repay insurers for any assessments they paid to make up for future deficits in the pool.
Republican Gov. Haley Barbour is expected to sign the bill, which passed without a dissenting vote, AIA said.
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