State Farm will begin writing new homeowners’ policies in most of Mississippi. The only areas still excluded are the three coastal counties. Rates will also increase.
The state’s largest insurer, which stopped writing new homeowners’ policies after Katrina, announced Tuesday, agents will be able to write the new insurance policies beginning June 15.
State Farm spokesman David Majors told WLOX News the number of new policies will be limited, based on the number of policies each agent has on the books.
“We feel it’s a positive move to open up the market, and hope it’s a gradual move to opening more coverage in Mississippi,” Majors said.