Miss. Law Changes Rules On Hurricane Deductibles

Law360, New York (March 24, 2014, 5:48 PM EDT) -- Mississippi's governor last week signed into law a measure to ensure that insurers apply hurricane deductibles — which are much higher than the typical deductibles in a property policy — in a uniform manner, as similar movements unfold in other states.

Mississippi Gov. Phil Bryant, a Republican, gave his approval to House Bill 756, legislation that the state House of Representatives passed with a 118-0 vote and which the Mississippi Senate greenlighted easily through a 52-0 vote.

Under the law, Mississippi's insurance commissioner will craft regulation...
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