Mississippi Majority Finds Association Had Authority To Set 'True-Up' Deadline

JACKSON, Miss. - The Mississippi Windstorm Underwriting Association (MWUA) had authority to set up and enforce a true-up deadline for insurers to submit corrected data for consideration in MWUA's assessment of members to cover its outstanding balance of losses arising from Hurricane Katrina, a majority of the Mississippi Supreme Court found Jan. 26, reversing a lower court in part (MWUA, et al. v. Union National Fire, et al., No. 2010-CC-00076-SCT, Miss. Sup.; 2012 Miss. LEXIS 51). Full story on lexis.com