Mississippi News

Recent Tragedy Forcing Mississippi to Face Its Poor Fire Prevention Record

The nine fire deaths in Starkville on Dec. 28, including six children ages 6 and under, at the Academy Crossing apartment complex is the worst fatal fire to strike Mississippi in modern history and could cause the state to rise …

Louisiana Parish President Quits Amid Federal Probe with Insurance Ties

Jefferson Parish President Aaron Broussard, a Democrat who rose from small-city mayor to lead Louisiana’s most populous parish, has resigned as federal officials investigated alleged corruption in parish government. His resignation preceded that of Tim Whitmer, who quit as Jefferson’s …

Business Moves

Aon Risk, Allied North America Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in the …

Mississippi to Thwart Coast-Only Filings

Mississippi Insurance Commissioner Mike Chaney said he’s taking steps to discourage companies from seeking higher rates for the Gulf Coast or other specific areas of Mississippi. Chaney said he will require that insurance companies initially file requests for rate increases …

Store Shooting Case Tests Mississippi Cap on Civil Damages

Before Mississippi lawmakers passed tort reform that limited damages in civil litigation, Ronnie Lee Lymas’ lawsuit against the store where he was shot wouldn’t have gotten much attention. That’s anything but true now: The case is being characterized as a …

It Figures

$19 Million The amount being funneled to the Mississippi wind pool from the Mississippi Insurance Department this month. Insurance Commissioner Mike Chaney said the funds should help stabilize premium rates for wind pool policyholders. $23,000 The fine levied by South …

People

The board of directors of the American Academy of Actuaries has elected Mary Frances Miller as the organization’s president-elect. Miller will succeed Ken Hohman as president for the 2010-2011 term. Miller is a consulting actuary with Select Actuarial Services in …

Business Moves

TAPCO Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company says it has the ability to …

Texas, Louisiana Homeowners Insurance Pricey; Florida Most Expensive

Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium in Louisiana for a standard homeowners policy in 2007, …

New Markets

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