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Legislature will tackle insurance cost, availability issues in '07.

Publication: Mississippi Business Journal
Publication Date: 27-NOV-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Legislature will tackle insurance cost, availability issues in '07.(Focus)

Article Excerpt
Whether in the news, in the office or on the street corners, insurance is a hot topic of conversation everywhere in South Mississippi. The availability and affordability of insurance has been listed by many business leaders as the top issue facing the Hurricane Katrina recovery.

It would be nice if there was a silver bullet. But there is no simple solution, says Sen. Dean Kirby of Pearl, chairman of the Mississippi Senate Insurance Committee.

"It has been a real challenge," Kirby said. "I go to bed at night thinking about the Wind Pool, and wake in the morning thinking about what we can do for people who have suffered losses. We have had one hearing on it, and I have met for literally weeks of time with people from all over the state discussing it, trying to come up with a solution. We have been talking with Insurance Commissioner Dale. What we all know is this is not just a coastal problem. It is not just a Mississippi problem. It is a national problem. It is something we all have to work together on."

Few people know that as bad as Hurricane Katrina and Rita were, it could have been far worse. Kirby was told...

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