Mississippi News

New Mississippi Insurer to Compete for Coastal Home Insurance Business

A newly-formed Mississippi company with backing from a Florida insurer and local private investors including six independent agencies will begin writing homeowners policies on the coast in Mississippi. Gulfport-based Coastal American Insurance Co. says it will specialize in homeowners insurance …

Insurance Claims Pour In from Mississippi Storm

Mississippi’s top insurance official said the devastation caused by last Saturday’s storm would be “significant” after viewing the destruction on the ground and by helicopter. “It’s pretty bad,” Insurance Commissioner Mike Chaney said after touring damage in Yazoo County. He …

Tornadoes in Mississippi Take 10 Lives; 700 Homes, Many Uninsured, Destroyed

Tornadoes that killed 10 people in Mississippi destroyed at least 700 homes and did tens of millions of dollars in damage, state authorities said Monday. Homeowners and local authorities began a clean-up operation in some of the state’s central counties …

Windstorm Claims Adding Up in Texas After Weekend Storms

Violent thunderstorms packing winds up to 90 miles per hour struck a six-county area southeast of Dallas early on April 24 causing thousands of windstorm claims, the Insurance Council of Texas reports. One fatality occurred in Van Zandt County from …

Hiscox USA Opens Southeast Regional Office

Hiscox USA has opened a Southeast regional office in Atlanta, Georgia. The office, which is led by Robert Gadaleta will serve as a regional hub for brokers in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. …

Tornadoes Rip Southern States; 10 Dead; 1,000 Homes Destroyed

Dozens of tornadoes left a path of destruction more than 50 miles long throughout the southern U.S.—including Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee—over the weekend. Ten people were killed in Mississippi. According to catastrophe risk modeling firm AIR Worldwide, …

Rig in Gulf of Mexico Hit by Fire; 12 Workers Missing, 7 Critically Injured

Up to a dozen crew members were missing and at least seven were critically injured after an explosion and fire late on April 20 hit a Transocean drilling rig that was working off the Louisiana coast, the U.S. Coast Guard …

Louisiana Bill Would Limit Liability of Mardi Gras Float-Builders

A bill passed by the Louisiana House to limit the liability of float-builders would damage future attempts for float riders or watchers to sue when parade festivities hurt or kill someone, says a man whose brother died in a float …

Many Midwest Homeowners Reject FEMA Flood Buyouts, Despite Benefits

Two years ago, Larry Frese thought he’d escaped the worst of a flood that had left a lot of his neighbors’ homes in Chelsea, Iowa, and a large swath of the state underwater, even as overflowing Otter Creek lapped at …

Who Pays?

Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that President Obama board Air Force …