NU Online News Service, Dec. 28, 3:19 p.m. EST
The Mississippi Insurance Department (MID) is transferring $19 million to the Mississippi Windstorm Underwriting Association–the state's insurer of last resort–to help stabilize coastal homeowners insurance rates, the department said.
The transfer is already underway and should be completed by the first week of January, the department said in a statement.
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