Insurance commissioner explains how storms affect rates

Insurance Commissioner Mike Chaney said homeowners in Mississippi will not see a rate hike.

“The hurricanes that we’ve had, Harvey and Irma, and even the one that’s in the Gulf that hit Puerto Rico, Maria, will not affect the homeowner insurance rates in the state of Mississippi,” Chaney said.

He said overall rates should remain steady.

“Generally speaking, the hurricanes will not affect the homeowner rates in Mississippi unless we have a direct hit,” Chaney said.