Mississippi News

Public Hearing In Mississippi to Highlight Coastal Insurance Issues

The Mississippi House of Representatives Insurance Committee will host a public hearing to discuss housing and insurance issues in the wake of Hurricanes Katrina, Gustav and Ike. State Rep. and Chairman Walter Robinson Jr., along with members of the House …

FEMA Delays Flood Insurance Rule for Illinoisans Near River

Illinois residents and businesses in the St. Louis metropolitan area will not yet be forced to pay more for flood insurance than counterparts on the Missouri side of the Mississippi River, the Federal Emergency Management Agency decided. FEMA’s decision means …

Reinsurers Tour Fortified Home During Mississippi Wind Pool Meeting

Nearing the end of a years-long highly specialized residential construction project, one Hurricane Katrina survivor has become a regular stop for insurance industry representatives touring along the Mississippi Gulf Coast. In some ways, Scott Sundberg of Pass Christian, Miss., is …

Entergy Sees Up to $600M in Damage from Gustav

Entergy Corp., parent of utility companies that serve a four-state area walloped by hurricanes Gustav and Ike, said it expects damage from Gustav alone to be up to $600 million. Just how much more Ike tacked on to the bill …

Business Moves

CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance unit of BB&T Corp., completed its purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus insurance broker for personal and commercial properties along …

Declarations

Alabama Beach Progress “Unlike a hurricane which can strike swiftly and forcibly, it often takes time and deliberation to implement changes in policy but members of the Beach Pool are proud to report the significant progress we’ve made over the …

How Agents Prepared and Fared as Gustav Hit Gulf States

On the morning of Sept. 1, Gustav’s eye made landfall on the Louisiana coast just shy of Category 3 status. Experts estimate Gustav caused about $8 billion to $10 billion in insured damage. On Aug. 29 as Hurricane Gustav headed …

People

Jacksonville, Florida-based Harden & Associates, an insurance brokerage company, promoted Dustin Theilacker to chief information officer. As CIO, Theilacker will continue to provide technology vision and leadership for developing and implementing information technology initiatives. Theilacker previously held the position of …

Court Clashes over Katrina Wind Damage Winding Down in Mississippi

It took three years for Mississippi resident, Scott Gordon, to resolve the dispute that Hurricane Katrina spawned with his insurance company. Anything resembling a full recovery from the storm will take much longer. “There are some scars that will probably …

Business Moves

CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S) insurance broker that specializes in high-risk …