Mississippi News

U. S. Department of Agriculture Mulls Over Options on Midwest Flood Aid

The U.S. Agriculture Department (USDA) will look “at everything possible” to aid Midwest farmers hurt by the worst flooding in more than 15 years, Agriculture Secretary Ed Schafer said Wednesday (June 18). President George W. Bush was scheduled to visit …

Bank Insurance Brokerage 1Q Earnings Hit Second-Highest Level Ever

Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3 million in the first quarter of 2007 …

Insured Property Value in Hurricane-Prone States to Double in 10 Years

In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7 percent, according to a new report released by AIR Worldwide …

It Figures

3,300 The number of Georgia victims affected by the Mother’s Day tornadoes who filed for help with medical and dental expenses, lost belongings, repair to homes and businesses and funeral costs. Officials approved more than $600,000 in federal disaster aid …

Former Mississippi Risk Consultant to Repay $380K

The Mississippi Supreme Court has upheld a ruling that a former Hinds County risk management consultant must repay the county $380,000. Hinds County sued Shappley Harris for making changes in invoices from the Mississippi Municipal Association between 2002 and 2003. …

Feds Open Loan Office for Mississippi Flood Victims In Yazoo County

The U.S. Small Business Administration will open a disaster outreach loan center in Mississippi for Yazoo County flood victims. The SBA announced a disaster declaration for the county June 12. It’s in response to flooding that occurred May 28. The …

Federal Judge: Mississippi AG Hood Conspired with Scruggs

Mississippi Attorney General Jim Hood wrongly conspired with prominent trial attorney Richard “Dickie” Scruggs to skirt a court order in a case involving Hurricane Katrina insurance claims, a federal judge ruled. Referring to Hood as a “so-called law enforcement officer,” …

Update: 2 Insurers to Pick up State Farm’s Non-renewals

Nationwide and Allstate will insure homes along the Mississippi coast where the current insurer decided not to renew policies, officials said. The State Farm Insurance action involves 892 policies within 1,000 feet of Mississippi Gulf Coast waters, an area devastated …

Insurer Must Pay New Orleans Grocer $21M for Katrina Damage

An insurance company unreasonably failed to pay for wind and other damage from Hurricane Katrina and must pay more than $21 million to the owner of a New Orleans grocery chain, a federal jury has found. “It’s the biggest Katrina …

Mississippi Couple’s Katrina Suit against USAA Goes to Trial

Jackson County, Mississippi’s first Hurricane Katrina insurance lawsuit headed to the courtroom Monday. Admiral James W. Lisanby and his wife, Gladys Kemp Lisanby, are suing their insurance company, USAA, over damage to their waterfront home from the August 2005 storm. …