Mississippi News

Former Alabama Workers’ Comp Executive Goff Sentenced to 12 Years

A former Montgomery, Alabama insurance executive has been sentenced to 12 years in federal prison for mail fraud and embezzlement in his insurance business. U.S. District Judge Myron Thompson imposed the sentence on John Goff and ordered him to pay …

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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …

State Farm’s Return to Mississippi Home Insurance Market Excludes Coast

State Farm will resume writing homeowners’ insurance policies for a majority of the state starting June 15. A company spokesman said that residents in the coastal counties of Harrison, Hancock and Jackson counties are excluded from the company’s policy change. …

Katrina Wind vs. Water Insurance Case Before Mississippi Supreme Court

A Texas-based insurer should not have to pay for hurricane damages to a Mississippi home caused by a combination of wind and water, company attorneys told the Mississippi Supreme Court this week. Greg Copeland of Jackson, attorney for United Services …

Injured Mississippi Volunteer Firefighters Face Financial Woes

When Leakesville, Mississippi volunteer firefighter Scottie Holland was injured in January, it could have crippled him physically and financially. “They had been called out to a structural fire. He was pulling the hose, and it got caught on something and …

Beacon Hill Associates Offers Workers’ Comp Product

PartnerOne Environmental, the underwriting division of Virginia-based wholesaler Beacon Hill Associates, says it can now offer workers’ comp coverage in conjunction with general liability or contractors pollution liability Coverage is provided by a group of A+ Rated insurance carriers with …

Irwin Picked to Manage New FNBB Insurance Agency

First National Bankers Bankshares Inc., based in Baton Rouge, La., has hired Delvan Irwin to the position of senior vice president for its newly-established FNBB Insurance Agency LLC. Irwin brings 20 years of experience in the insurance and financial services …

Former Alabama Insurance Executive Goff Sentenced to 12 Years

A former Montgomery, Alabama insurance executive has been sentenced to 12 years in federal prison for mail fraud and embezzlement in his insurance business. U.S. District Judge Myron Thompson imposed the sentence on John Goff and ordered him to pay …

Report: Bank Insurance Brokerage Income Falls Slightly in 2008

Bank holding companies’ (BHC) insurance brokerage income overall experienced a 3.6 percent drop in 2008, the first decline in total BHC brokerage income since 2001, according to a new industry report. “BHCs with assets greater than $10 billion, and, principally, …

Mississippi Surplus Lines Insurance Fees Go Into State’s General Fund

Mississippi Insurance Commissioner Mike Chaney has delivered a $2 million check targeted for the state’s general fund. The money, derived from fees paid by the surplus lines insurance industry, will go to the Department of Finance and Administration for deposit …