Mississippi News

Mississippi Commissioner Offers Alabama Advice on Coastal Insurance

The keys to holding down insurance premiums on the Alabama coast are strong enforcement of building codes, proper land use and mitigating homes against future disasters, Mississippi Insurance Commissioner Mike Chaney told an Alabama House of Representatives subcommittee this week. …

Louisiana Retailers Mutual Converts to Holding Company System

Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance holding company system, consisting of Retailers Casualty Mutual Holding Company and its …

Bank Insurance Brokerage Fee Income Up 15% in Q1

First-quarter bank holding company (BHC) insurance brokerage income of $3.03 billion was up 15.0 percent from $2.63 billion in fourth quarter 2008, which marked the lowest point of quarterly insurance income since 2005, according to the Michael White-Prudential Bank Insurance …

Mississippi High Court to Hear Case Challenging Drunk Driving Test

The Mississippi Supreme Court has agreed to hear a driving under the influence (DUI) case that revolves around the theory of “retrograde extrapolation.” Retrograde extrapolation is determining whether a person was drunk at a certain moment, based on results of …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

Top 20 Banks in Insurance Brokerage Fee Income

Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com 2 $860.00 million Citibank, National Association Las …

New Markets

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. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif. 2 $1.21 billion Citigroup Inc. New York, …

Mississippi Insurance Chief Chaney to Run for Second Term in 2011

Mississippi Insurance Commissioner and State Fire Marshal Mike Chaney has already decided to run for re-election in 2011. Chaney made the announcement during remarks at the Neshoba Fair. He acknowledged that when he first ran two years ago he had …

Grain Dealers Mutual to Become Affiliate of Main Street America

Grain Dealers Mutual Insurance Co., an Indiana-domiciled regional property/casualty insurance company, will become an affiliate of Main Street America. The agreement, which has been approved by the boards of directors of both companies, is subject to regulatory approval from the …