Latest Mississippi Headlines
All the headlines from our Mississippi Topic Page, ordered by recency.
Hurricanes Katrina and Rita: Exposing Settled (?) Insurance Coverage Issues
Nov 20 2005 // After any natural disaster, people who suffered property damage eventually look for sources of money to repair their damage and/or replace their loss with insurance being the first source for those with policies. In this...
FEMA Pushing Dec. 1 Motel Check-Out for 53,000 Hurricane Families
Nov 16 2005 // The Department of Homeland Security’s Federal Emergency Management Agency (FEMA) is moving to end its subsidies for hotel and motel rooms for 53,000 families displaced by Hurricanes Katrina and Rita. On Dec. 1, 2005...
Miss., La. Crisis: A Domino Effect
Nov 7 2005 // One of the top issues facing the insurance industry in the southeast right now is rebuilding Mississippi and Louisiana after Hurricane Katrina. Hurricane experts at the Society of Insurance Research conference in October...
Lack of Electricity, Gasoline Slows Hurricane Wilma Recovery Efforts
Nov 7 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents in Naples and Miami told Insurance Journal they had not encountered the onslaught of claims they expected, but...
MEDICAL ASSURANCE CO. DROPS RATES
Nov 7 2005 // Medical Assurance Co. of Mississippi, a physician owned provider which covers about 70 percent of the state’s physicians, has announced a 5 percent decrease in its 2006 malpractice rates and a 10 percent refund on...
Lack of Electricity, Gasoline Slows Hurricane Wilma Recovery Efforts
Nov 6 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents in Naples and Miami told Insurance Journal they had not encountered the onslaught of claims they expected, but...
News Briefs
Nov 6 2005 // ALABAMA Vesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s...
Editor’s Note: Miss., La. Crisis: A Domino Effect
Nov 6 2005 // One of the top issues facing the insurance industry in the southeast right now is rebuilding Mississippi and Louisiana after Hurricane Katrina. Hurricane experts at the Society of Insurance Research conference in October...
$3B Katrina Claims Paid in Mississippi; Dale Says He’s in a ‘No-Win’ Situation
Nov 4 2005 // The Mississippi Department of Insurance has been the moderator for numerous Hurricane Katrina victims who claim damage they received from Hurricane Katrina was caused by wind, not flooding; and according to Commissioner...
Frustration Grows in La., Miss., as Hurricane Survivors Wait for Insurers
Nov 4 2005 // Once a proud businessman, William Dwyer sits in a New Orleans-area parking lot these days begging his insurer for money. The 57-year-old retiree said he was quick to file claims after Hurricane Katrina severely damaged his...
Mississippi Farm Bureau Downgraded by A.M. Best
Nov 4 2005 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from A- (Excellent) of Mississippi Farm Bureau Mutual Insurance Company of Jackson, Miss. The rating remains under review with negative...
Miss. Gov. Barbour Says Federal Katrina-Related Aid Proposals Fall Short of Requests
Nov 1 2005 // Mississippi Governor Haley Barbour has criticized President George Bush and his administration’s proposals for Hurricane Katrina-related aid, saying it falls short of what Mississippi has requested from the federal...
Miss. Auto Insurance Law Doesn’t Require Punitive Damage Coverage, Court Rules
Oct 28 2005 // Mississippi state law does not require insurance companies to cover punitive damage awards in their automobile liability policies, the Mississippi Supreme Court has ruled. In 2002, Shelter Mutual Insurance Co. and Shelter...
Castle Inspection Service and MS/B Form Strategic Alliance
Oct 24 2005 // Partnership Means Superior Service for Combined Customer Base Salt Lake City, Utah and Los Angeles – Castle Inspection Service (Castle) and Marshall & Swift / Boeckh (MS/B), an MDA company, are pleased to...
Hurricane-Related Insurance Claims Paid Top $1.2B in Miss.
Oct 19 2005 // Mississippi Commissioner of Insurance George Dale reported that insurance companies have paid out approximately $1,266,828,689 billion in claims related to hurricanes in Mississippi so far. Approximately 319,959 claims...
News Briefs
Oct 17 2005 // ALABAMA AIIA Conference, Educational Sessions The Alabama Independent Insurance Agents has scheduled five upcoming seminars in Mobile, Birming-ham and Huntsville. Oct. 19, Small and Rural Agents Conference, two topics,...
Editor’s Note: Katrina Brought Out the Good, Bad
Oct 17 2005 // National and state insurance associations are to be congratulated for contributing funds, supplies and manpower to thwart the after-effects of Hurricane Katrina; while Mississippi politicians, including Attorney General...
Natural Disasters Are Just Part of Commissioners’ Concerns
Oct 17 2005 // In addition to natural disasters, health care coverage, federal oversight, uniformity and fraud were among issues of concern to the insurance commissioners of three states who comprised the Commis-sioners’ Panel at...
Best Downgrades FSR of Mississippi Farm Bureau Mutual Insurance Co.
Oct 14 2005 // A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A+ (Superior) of Mississippi Farm Bureau Mutual Insurance Company (MFB) (Jackson). The rating remains under review with negative...
Miss. Medical Assurance Co. Announces 5 Percent Decrease in Medical Malpractice Rates
Oct 14 2005 // Medical Assurance Co. of Mississippi, a physician owned provider which covers about 70 percent of the state’s physicians, has announced a 5 percent decrease in its 2006 malpractice rates and a 10 percent refund on...
