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