Mississippi News

Letting the Courts Decide

While insurers generally see the use of credit scores as both fair and valid, not all independent agents concur. Two lawsuits of interest to the insurance industry have generated media attention in recent weeks. Only one was being tried in …

It Figures

2,803 The number of Georgia homes affected by recent flooding, according to the American Red Cross. The organization said an estimated 2,803 Georgia homes have been affected by the flooding. Of those homes, 745 are destroyed and 760 have major …

People

Brian Duperreault, president and CEO of Marsh & McLennan Cos. Inc., has extended his employment with MMC through January 2014. Duperreault has held this position since January 2008. Prior to joining MMC, Duperreault served as CEO and later chairman of …

Declarations

Hiring Hit “The more qualified the individual was the less interest they expressed in the Hartford top job.” —Bob MacDonald, former CEO of Allianz Life of North America and self-described financial services contrarian, criticizing the failure of the Hartford Financial …

Letting the Courts Decide

While insurers generally see the use of credit scores as both fair and valid, not all independent agents concur. Two lawsuits of interest to the insurance industry have generated media attention in recent weeks. Neither were being tried in South …

Mississippi Court Rules Home Policy Covers Hurricane Wind Damage

In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by water from storm surge. The state high court …

Mississippi Rep. Taylor Urges Obama to Reform Flood Insurance Program

Using President Obama’s visit to New Orleans this week as his backdrop, Rep. Gene Taylor, D-Miss., again urged the Administration to reform the National Flood Insurance Program, including adding wind coverage to the national program. In an open letter to …

Insurers Backing Away from Homes with Chinese Drywall

James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes pipes. It got worse when …

$60 Million Sought in Mississippi Crash That Killed 2 Doctors

A lawsuit has been filed against a prominent Jackson, Mississippi couple over a head-on collision that killed two physicians. The estates of the crash victims — Dr. Daniel Mark Pouge and his fiancee, Dr. Lisa Dedousis — seek $60 million …

Mississippi Court Rules Home Insurance Policy Covers Hurricane Wind Damage

In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk” home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by water from storm surge. The state high court …