Commissioner Mike Chaney on Wind Insurance Rates
Wind Insurance is an issue important to very many here on the Coast and the recent passing of the Clarity Act has been seen as an important step to fairer insurance rates.
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Wind Insurance is an issue important to very many here on the Coast and the recent passing of the Clarity Act has been seen as an important step to fairer insurance rates.
It was all smiles in Long Beach today as Governor Phil Bryant signed the Clarity Act.
A reason for Coast residents to celebrate: the Clarity Bill has passed both the House and the Senate and is sitting on the Governor's desk to become law.
It's an exciting day for supporters of the Clarity Act. They are one step closer to seeing the bill become law after it passed through the House Wednesday.
News 25 spoke with Governor Phil Bryant and local advocates working on a bill to help improve transparency in the insurance industry.
Hoping to increase transparency, the Clarity Act looks to provide information for residents in Mississippi.
Many people believe the high rates of property insurance are stunting economic development along the Coast.
Many believe the high rates of property insurance are stunting economic development along the Coast and have been for nearly a decade.
Sky rocketing insurance rates have crippled south Mississippi's housing market since Hurricane Katrina, and have slowed down the Coast's ability to fully recover and rebuild.