Latest Mississippi Headlines
All the headlines from our Mississippi Topic Page, ordered by recency.
Lack of Electricity, Gasoline Slows Hurricane Wilma Recovery Efforts
Nov 6 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents in Naples and Miami told Insurance Journal they had not encountered the onslaught of claims they expected, but...
News Briefs
Nov 6 2005 // ALABAMA Vesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s...
Editor’s Note: Miss., La. Crisis: A Domino Effect
Nov 6 2005 // One of the top issues facing the insurance industry in the southeast right now is rebuilding Mississippi and Louisiana after Hurricane Katrina. Hurricane experts at the Society of Insurance Research conference in October...
$3B Katrina Claims Paid in Mississippi; Dale Says He’s in a ‘No-Win’ Situation
Nov 4 2005 // The Mississippi Department of Insurance has been the moderator for numerous Hurricane Katrina victims who claim damage they received from Hurricane Katrina was caused by wind, not flooding; and according to Commissioner...
Frustration Grows in La., Miss., as Hurricane Survivors Wait for Insurers
Nov 4 2005 // Once a proud businessman, William Dwyer sits in a New Orleans-area parking lot these days begging his insurer for money. The 57-year-old retiree said he was quick to file claims after Hurricane Katrina severely damaged his...
Mississippi Farm Bureau Downgraded by A.M. Best
Nov 4 2005 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from A- (Excellent) of Mississippi Farm Bureau Mutual Insurance Company of Jackson, Miss. The rating remains under review with negative...
Miss. Gov. Barbour Says Federal Katrina-Related Aid Proposals Fall Short of Requests
Nov 1 2005 // Mississippi Governor Haley Barbour has criticized President George Bush and his administration’s proposals for Hurricane Katrina-related aid, saying it falls short of what Mississippi has requested from the federal...
Miss. Auto Insurance Law Doesn’t Require Punitive Damage Coverage, Court Rules
Oct 28 2005 // Mississippi state law does not require insurance companies to cover punitive damage awards in their automobile liability policies, the Mississippi Supreme Court has ruled. In 2002, Shelter Mutual Insurance Co. and Shelter...
Castle Inspection Service and MS/B Form Strategic Alliance
Oct 24 2005 // Partnership Means Superior Service for Combined Customer Base Salt Lake City, Utah and Los Angeles – Castle Inspection Service (Castle) and Marshall & Swift / Boeckh (MS/B), an MDA company, are pleased to...
Hurricane-Related Insurance Claims Paid Top $1.2B in Miss.
Oct 19 2005 // Mississippi Commissioner of Insurance George Dale reported that insurance companies have paid out approximately $1,266,828,689 billion in claims related to hurricanes in Mississippi so far. Approximately 319,959 claims...
News Briefs
Oct 17 2005 // ALABAMA AIIA Conference, Educational Sessions The Alabama Independent Insurance Agents has scheduled five upcoming seminars in Mobile, Birming-ham and Huntsville. Oct. 19, Small and Rural Agents Conference, two topics,...
Editor’s Note: Katrina Brought Out the Good, Bad
Oct 17 2005 // National and state insurance associations are to be congratulated for contributing funds, supplies and manpower to thwart the after-effects of Hurricane Katrina; while Mississippi politicians, including Attorney General...
Natural Disasters Are Just Part of Commissioners’ Concerns
Oct 17 2005 // In addition to natural disasters, health care coverage, federal oversight, uniformity and fraud were among issues of concern to the insurance commissioners of three states who comprised the Commis-sioners’ Panel at...
Best Downgrades FSR of Mississippi Farm Bureau Mutual Insurance Co.
Oct 14 2005 // A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A+ (Superior) of Mississippi Farm Bureau Mutual Insurance Company (MFB) (Jackson). The rating remains under review with negative...
Miss. Medical Assurance Co. Announces 5 Percent Decrease in Medical Malpractice Rates
Oct 14 2005 // Medical Assurance Co. of Mississippi, a physician owned provider which covers about 70 percent of the state’s physicians, has announced a 5 percent decrease in its 2006 malpractice rates and a 10 percent refund on...
After Katrina: Mississippi Reports 1,300 On-Going Fraud Investigations
Oct 13 2005 // The Mississippi State Attorney General’s Office records show more than 14,000 complaints resulting after the recovery from Hurricane Katrina and about 1,300 active investigations. Grant Hedgepeth, Consumer Protection...
Miss. Commissioner Suggests Mediation, Town Hall Meetings; If Those Fail He Says, ‘File Suit’
Oct 12 2005 // Several solutions to hasten the Hurricane Katrina claims process have been suggested by Mississippi Insurance Commissioner George Dale, such as a mediation program to settle contested insurance or a town hall meeting to...
Miss. Medical Liability Rates to Drop 5 Percent in 2006
Oct 11 2005 // Medical liability insurance rates in Mississippi will be reduced in 2006 by 5 percent according to a proposal submitted by the Medical Assurance Company of Mississippi to Insurance Commissioner George Dale. The reduction...
Miss. Attorney General Hood Accuses Carriers of Cheating
Oct 3 2005 // Five major insurance companies were recently sued by Mississippi Attorney General Jim Hood, who charged that insurance adjusters attempted to cheat Hurricane Katrina survivors out of millions of dollars in...
After the Wreckage, Hurricane Katrina Spawns Lawsuits
Oct 3 2005 // Shortly after Hurricane Katrina devastated parts of Louisiana, Mississippi and Alabama, the U.S. Chamber Institute for Legal Reform issued a statement warning that the financial wreckage caused by Hurricane Katrina could...
