Latest Mississippi Headlines
All the headlines from our Mississippi Topic Page, ordered by recency.
It Figures
Jan 29 2007 // $60 billion The record estimated income after taxes for the property casualty insurers in 2006, according to the Insurance Information Institute. $8 billion The estimate of insured catastrophe losses in 2006, down from $62...
Miss. Could Have Policyholder Bill of Rights by April
Jan 29 2007 // Mississippi Insurance Commissioner George Dale held a public hearing on a proposed insurance bill of rights, saying the provisions would help policyholders understand exactly what coverage they have. Dale hopes to have the...
Pricing discipline key to P/C insurers’ repeat performance in 2007
Jan 28 2007 // News Currents Property casualty insurance industry earnings may have peaked in 2006 but that doesn’t mean 2007 will see a reversion to reckless price cutting and relaxed underwriting, according to experts observing...
Figures
Jan 28 2007 // $60 billion The record estimated income after taxes for the property casualty insurers in 2006, according to the Insurance Information Institute. $8 billion The estimate of insured catastrophe losses in 2006, down from $62...
Editor’s Note: Mississippi surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. The insurance industry, or at least State Farm, was surprised earlier this month when...
Wind subsidies for Mississippi
Jan 28 2007 // Mississippi Insurance Commissioner George Dale told members of the state’s House and Senate insurance committees that preliminary estimates show a $30 million government subsidy would cut commercial insurance rates...
Homeowners win key water v. wind Katrina claims case against State Farm
Jan 28 2007 // In a Hurricane Katrina claims decision watched closely by the insurance industry, a federal judge in Mississippi ruled that State Farm failed to properly settle a claim involving both wind and water damage from Hurricane...
Editor’s Note: Southern surprise?
Jan 28 2007 // The case appears to be more about how one insurer handled a particular claim and not a ruling with widespread impact on the industry. There was an important court ruling in Mississippi earlier this month that had the whole...
It Figures
Jan 28 2007 // $445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff...
Federal Judge Puts Part of State Farm Katrina Settlement on Hold
Jan 27 2007 // The federal judge who must sign off on a proposed $50 million class action settlement involving State Farm’s handling of Hurricane Katrina claims has said he needs lots more information before agreeing to the deal...
State Farm Storm Surge Settlement Could Scare Insurers from Mississippi Market
Jan 26 2007 // A landmark legal settlement with State Farm Fire & Casualty Co. promises to jump-start the rebuilding process for thousands of Mississippi homeowners devastated by Hurricane Katrina, but critics warn the deal could...
Miss. AG Hood Turns Up Heat on Insurers to Settle Katrina Disputes
Jan 26 2007 // Mississippi Attorney General Jim Hood, fresh from a settlement with State Farm over a class action lawsuit and thousands of other disputed Hurricane Katrina property insurance claims, wants other insurers to follow State...
Miss. Commissioner Dale to Run for Eighth Term
Jan 24 2007 // Mississippi Insurance Commissioner George Dale said he will seek re-election to the post he has held since 1975. Dale, 66, had been considering retiring from public office, but felt the needs of Mississippians dealing with...
State Farm Settles Miss. Katrina Lawsuits; Agrees to Reopen Other Miss. Claims
Jan 24 2007 // State Farm Insurance has agreed to settle a Mississippi class action brought by more than 600 policyholders involving property claims related to Hurricane Katrina and reopen thousands of additional Katrina claims. There is...
Ex-State Farm Adjusters Tell Miss. Grand Jury of Katrina Claims
Jan 23 2007 // A Mississippi grand jury probing State Farm Insurance Co.’s handling of claims after Hurricane Katrina heard testimony this week from two sisters who turned over reams of internal claims records to investigators...
Miss. Commissioner Sets Hearing for Consumer Bill of Rights
Jan 23 2007 // Mississippi Commissioner of Insurance George Dale twill hold a public hearing for the his proposed regulation regarding a homeowner insurance policyholder bill of rights. The hearing will be held at 9 a.m. on Friday,...
State Farm Settles a Miss. Katrina Lawsuit Before Trial
Jan 22 2007 // State Farm Fire & Casualty Co. settled out of court last Friday with a Mississippi policyholder whose lawsuit over Hurricane Katrina damage was scheduled to be tried next week in federal court. State Farm settled with...
Rep. Thompson: Miss. Katrina Ruling Will Prompt Probe of Insurers
Jan 15 2007 // A federal judge’s ruling in favor of a Biloxi couple in a Hurricane Katrina insurance lawsuit will prompt a congressional investigation into insurance companies’ denial of claims, Rep. Bennie Thompson, D-Miss.,...
After Record 2006, P/C Insurers See Promising 2007 Ahead
Jan 15 2007 // Property/casualty insurers should be able to build on the momentum of 2006 to deliver another profitable year in 2007 if they maintain discipline on price, a group of industry observers told insurance executives attending...
Key Federal Katrina Ruling Favoring Homeowners Surprises Industry
Jan 12 2007 // In a Hurricane Katrina claims decision that surprised the insurance industry, a federal judge ruled that State Farm did not provide sufficient evidence to prove what damage to a Mississippi family’s house was caused...
