Mississippi will share in $72 million of assets seized from Martin Frankel, a former financier convicted of stealing from insurance companies, Insurance Commissioner George Dale said. Dale said the assets were seized by the FBI and the Internal Revenue Service …
High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in January passed controversial legislation they hoped would lower Floridians’ skyrocketing property insurance …
After more than a decade in counterterrorism, Jim McGee can no longer relax and enjoy watching a sports event. The fans look like potential victims of terrorism to the former FBI agent turned college instructor. The players are possible targets …
Mississippi Gov. Haley Barbour has appointed incoming Insurance Commissioner Mike Chaney to replace outgoing Insurance Commissioner George Dale 10 days early. Dale is resigning from office effective December 31. Chaney, a Republican from Vicksburg, defeated Democrat Gary Anderson in the …
The Worst Storm “This is without question the worst ice storm in state history, and it will require a historic response from all levels of government.” —Oklahoma Gov. Brad Henry, following severe ice storms that hit his state in December …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Small Residential General Contractors Nuts & Bolts: NSM Insurance Group is offering coverage for general …
State Farm Fire and Casualty Co. is asking a federal appeals court to throw out a landmark $1 million punitive damage award to a Mississippi couple who sued the insurer for refusing to cover Hurricane Katrina damage to their home. …
Richard Scruggs, facing federal charges, has now removed himself from the law consortium, Scruggs Katrina Group, which he formed in 2005 to represent claimants after Hurricane Katrina. But other lawyers have formed The Katrina Litigation Group to proceed where the …
Mississippi and South Carolina in particular grappled with coastal woes by working to make insurance from their state’s wind pools more accessible without having these insurers of last resort displace willing private insurers. South Carolina struck a balance by granting …
George Dale faltered in his bid for an eighth term as Mississippi insurance commissioner. Dale had run as a Democrat eight times in his political career. But this year to his frustration, he ran into resistance from Democrats who questioned …
