In four states along the hurricane-ravaged Gulf Coast, Habitat for Humanity came with a mission to build hundreds of homes during a spring blitz so people pushed into poverty after Katrina would have the chance to own a home. Many …
Mississippi-based BancorpSouth Inc. has announced it will not apply for federal bailout funds. Aubrey Patterson, chairman and chief executive officer of BancorpSouth, said that it was in the best interest of shareholders to continue with a conservative capital management plan …
Barack Obama wasn’t the only one to make history Nov. 4 when he was elected the first black U.S. president. Statehouses also broke ground on several fronts. New Hampshire became the first state in U.S. history to give women the …
Wind Pool Modernization, Better Building Code Enforcement and Carrier Recruitment Efforts Begin to Pay Off Back in January, when Mike Chaney was getting ready to be sworn in as Mississippi insurance commissioner after his November victory at the polls, he …
$11.5 Billion The amount U.S. property/casualty insurers are expected to pay homeowners and businesses for third-quarter property losses resulting from a total of 11 catastrophes in 22 states, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit. PCS …
Row Own Boat “Taxpayers should be a last resort rather than a cheap source of capital … We’ll row our own boat.” —Evan Greenberg, Ace Limited’s CEO, chiding insurers that have hinted they might ask to take part in the …
State Farm Fire & Casualty Cos. made questionable decisions in handling Hurricane Katrina claims, but a nearly two-year study found no pattern of fraud in Mississippi. The report by the Mississippi Insurance Department contradicts allegations of widespread fraud that followed …
The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana coast on inland, although not to …
The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin. The new officers are: President Paul Rainey, president of RSI International Inc., Arlington; …
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