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Senate committee substitute would expand mitigation grants to strengthen homes and reduce wind-pool reliance

2252391 · February 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A committee substitute creates or refines the Strengthen Mississippi Homes mitigation program, funded by an additional assessment on insurance carriers, to provide grants (up to $15,000 per property) for wind- and storm-hardening measures in coastal and other counties; sponsors say the fund will reduce wind-pool exposure.

The Senate approved a committee substitute to expand a mitigation program aimed at strengthening residential structures against wind and storm damage and reducing reliance on the state wind pool.

Sponsors said the revised program — the Strengthen Mississippi Homes program — would continue a prior program and broaden its scope to include tornado and wind damage, not just hurricanes. The measure would allocate additional fee revenue from an increase in a business licensing fee paid by insurance companies…

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