MWUAMississippi Windstorm Underwriting Association
References in periodicals archive ?
Katrina, however, caused $710 million in losses, resulting in a $545 million assessment to member insurers and sent private insurers fleeing from the market, which since has been left largely to the MWUA, Shumaker said.
He said the MWUA currently has enough hinds to cover a $100 million retention.
The MWUA paid out $750 million in claims after Katrina.
The MWUA's board of directors also approved a 90 percent rate increase for coastal residents last year--a highly unpopular decision, to be sure, although the facility had initially asked for a 400 percent rate hike.