Mississippi News

Quietest Atlantic Hurricane Season Since 2006 Ends

The Atlantic hurricane season ended this Monday with barely a whimper: Not a single hurricane came ashore in the United States. Since June, when the season began, just nine named storms developed. Only three of them became hurricanes, and those …

Corps to Shrink Pump Project on New Orleans’ West Bank

The Army Corps of Engineers says the cost of a $1 billion pump-and-floodgate project on the western side of the New Orleans area is rising, forcing the agency to consider cutting up to $300 million in work. The Army Corps …

Indiana’s Grain Dealers Mutual Now Part of Main Street America Group

The Main Street America Group, based in Jacksonville, Fla., announced that Indiana-domiciled Grain Dealers Mutual Insurance Company has been cleared to become an affiliate of the Jacksonville, Fla.-based super regional property-casualty insurance carrier. The deal has been approved by the …

Mississippi Allows 19.5% State Farm Coastal Rate Hike

Insurance rates for about 26,000 State Farm homeowners in three Mississippi coastal counties will rise 19.5 percent beginning in February. Mississippi Insurance Commissioner Mike Chaney announced the rate increase, noting that in August he denied a request by the insurer …

Mississippi County to Buy Insurance for Volunteer Fire Firefighters

Mississippi’s Lee County will spend more than $50,000 over the next three years on accident and life insurance for its 300-plus volunteer firefighters. The county’s 18 fire departments include only one — Tupelo — where every staffer is paid. Lee …

Mississippi Court Upholds Judgment Against County Due to Insurer Default

A $250,000 default judgment against Tippah County has been upheld by the Mississippi Supreme Court. The case was filed in 2007 by Daniel Childers of Ripley, who contended that his elbow was broken during an arrest by county deputies in …

Louisiana Commissioner: Help Available for Victims of Chinese Drywall

Louisiana Commissioner of Insurance Jim Donelon says homeowners whose properties are contaminated with defective Chinese drywall and who have been covered for more than three years by their homeowners insurer have the right to continue their coverage while vacating and …

M&A Wrap-Up: Insurance Brokerage Mergers Took a Third Quarter Vacation

Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between July and September. This quarterly activity follows …

Katrina MRGO Ruling Could Bring New Deluge of Lawsuits

A landmark court ruling blaming the Army Corps of Engineers’ “monumental negligence” for some of the worst flooding from Hurricane Katrina could lead to a new deluge: billions of dollars in legal action from thousands of storm victims. The federal …

Federal Judge Holds Corps Responsible in Katrina Flooding Case

A federal judge in Louisiana has ruled that the U.S. Army Corps of Engineers’ failure to properly maintain and operate the Mississippi River-Gulf Outlet MRGO was a substantial cause for the flooding of part of the New Orleans-area during Hurricane …