New legislation brings more clarity to property insurance

wind property Insurance news

Mississippi legislation aims to bring more clarity to the property insurance sector Mississippi lawmakers are attempting to bring more clarity to the property insurance space. A new legislation, which has won support from the House of Representatives, is set to appear before the state’s Senate. The legislation is designed to bring more transparency to homeowners insurance and provide clarity on the premiums that insurance companies collect. Called the Property Insurance Clarity Act, the legislation is gaining strong support. Last year, a previous version of the legislation was struck down by…

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Homeowners insurance claims pour in following hail storm

homeowners insurance hail damage storm

The widespread damage in Mississippi also lead to hundreds of auto filings within the first few hours. Within the first days following the hailstorms in Mississippi, hundreds of auto and homeowners insurance claims have been coming in due to the damage that had been left behind in the state’s capital city and surrounding areas. Authorities have yet to calculate precisely how many structures and vehicles were damaged. It looks as though Jackson and its suburbs faced the heaviest damage in the state. According to a Farm Bureau Insurance employee, Jim…

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