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Daily Archives: March 11, 2013

Hospital execs strike urgent note with time running out for Medicaid plan

The Mississippi Legislature is set to adjourn April 7 with no deal in sight on a federal offer to expand Medicaid. The ticking clock has executives of hospitals around the state worried that time will expire and hospitals and the entire health care sector will suffer the consequences, putting about 9,000 jobs at risk. Ahead are “devastating” cuts in the ...

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Trustmark selects CONIX's anti-fraud solution

JACKSON — Trustmark National Bank has added CONIX Systems Inc.’s Fraud Detective solution to the bank’s payment processing operation. Manchester, Vt.-based CONIX says Fraud Detective helps banks and payment processors reduce both risk and cost by improving the speed and accuracy of identifying payment fraud across payment channels. “Trustmark has systematically implemented payment alternatives for the benefit of its customer ...

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Co-op refunds $12M-plus to member-borrowers

RIDGELAND — In April, member-borrowers of First South Farm Credit will receive patronage refund checks for 2012 totaling more than $12 million as part of the patronage refund program. Daniel Viator, chairman of the First South board of directors, said, “This is the 18th consecutive year we’ve paid a patronage refund. Over that period of time First South has declared ...

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Senator backs bill aimed at streamlining natural gas exports

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) is co-sponsoring legislation to broaden natural gas exports to U.S. allies in order to advance American national security interests. The Expedited LNG for American Allies Act of 2013 (S.192) would require the secretary of energy to allow approve exports of natural gas, including liquefied natural gas (LNG), to NATO allies and Japan, ...

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A.M. Best upgrades insurance agencies rating, outlook

JACKSON — A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of Mississippi Farm Bureau Casualty Insurance Company. The outlook for both ratings has been revised to stable from positive. A.M. Best wrote: “Mississippi Farm Bureau’s ratings reflect its solid risk-adjusted capitalization and generally favorable underwriting ...

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Officials track down stolen equipment in N. Miss.

CHOCTAW COUNTY — Investigators from the Mississippi Agricultural and Livestock Theft Bureau (MALTB), the law enforcement division of the Mississippi Department of Agriculture and Commerce, in conjunction with Sheriff Cloyd Halford of the Choctaw County Sheriff’s Department, has seized over $250,000.00 of stolen property. After a lengthy investigation, MALTB investigators and Halford seized the stolen items, which were located on ...

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Proposed stadium could kill downtown arena initiative

JACKSON — Jackson State University’s recently announced plans to build a domed stadium could effectively kill an effort to build a downtown arena. The city and other arena backers have spent or pledged $180,000 in recent years to study building an arena to host concerts, sporting events and other entertainment, The Clarion-Ledger reported. The key factor in the city of Jackson ...

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Plant yet to come out of ground; company maintains commitment

PONTOTOC — Four years after announcing plans for an ethanol plant in Pontotoc, a Canadian company has yet to begin construction. Enerkem Inc., of Montreal, remains committed to building the for Enerkem Mississippi Biofuels plant, spokeswoman Annie Pare tells The Northeast Mississippi Daily Journal. It’s planned as a $100 million project with 70 employees, with a $150 million expansion to ...

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Officials pondering new proposal for rental properties

MCCOMB — McComb officials are considering a proposal to require rental property owners to obtain a privilege license and have their properties inspected annually. The Enterprise-Journal reports urban planner Laurence Leyens told the board of selectmen that people make a living from rental properties and it should be treated like any other business. Leyens says privilege licenses and inspections ensure ...

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School district still challenged by tornado damage

HATTIESBURG — Hattiesburg Public School District officials still are finding damage from the Feb.10 tornado that struck Forrest and Lamar counties. The Hattiesburg American reports an assessment of the destruction at the transportation center has revealed 90 percent of the district’s vehicles were damaged. Superintendent James Bacchus said it is estimated there was about $80,000 in damage to the vehicles. The ...

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