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. General Liability – Builders and Subs Market Detail: Beecher Carlson is offering primary and excess …
A federal jury in New Orleans in early November sided with a south Louisiana couple who sued State Farm Insurance Cos. over damage to their property from Hurricane Katrina. Around the same time, a U.S. appeals court favored the company …
Newly elected Mississippi Insurance Commissioner Mike Chaney says he will work to reduce insurance rates but realizes that it can only be accomplished by employing the right combination of factors. “Competition and strict regulation are the keys to consumer friendly …
The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston recently. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the association’s new chair; John Blackburn, CEO of Country …
A U.S. court of appeals ruling dashed the hopes of potentially hundreds of post-Hurricane Katrina claimants recently when it ruled a major insurer’s policy language unambiguous. The case is based on State Farm’s refusal to pay Long Beach, Miss., claimants …
The state of Mississippi has cleared the way for at least 186 homeowners to receive partial grants to help rebuild even though they were previously denied federal aid. The Mississippi Development Authority announced the program Tuesday. The MDA said the …
North Carolina-based Forensic Analysis and Engineering Corp., has reached a settlement with lawyers who have filed hundreds of lawsuits against State Farm Insurance Cos. on behalf of policyholders whose claims were denied by the insurer after Hurricane Katrina. Under terms …
Mississippi Insurance agent Ken Nowlin is objecting to a pre-sentence report that suggests he may have to pay restitution to Lafayette County in a kickback scheme involving the county’s health care coverage. In July, Nowlin pleaded guilty in federal court …
A federal judge has extended a restraining order that prevents Mississippi Attorney General Jim Hood from continuing a criminal investigation into State Farm Insurance Cos.’ handling of Hurricane Katrina claims, a company spokesman said. U.S. District Court Judge Michael T. …
The Port of New Orleans, trying to get back on track after Hurricane Katrina, is locked in a fight with an insurance carrier over more than $100 million in storm damage claims. The port is suing Factory Mutual Insurance Co., …
