by Associated Press Published: May 9,2013
Tags: appeal, award, crime, home, homeowner, homeowners insurance, house, insurance, insurer, judge, judicial, judiciary, jury, justice, law, legal, real estate, residence, resident, residential real estate, ruling, whistleblower
GULFPORT — State Farm Fire and Casualty Co. has asked a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina. Motions filed in U.S. District Court in Gulfport also seek a new trial The verdict came in April in a whistleblower lawsuit against the Illinois- [...] [...]
by Associated Press Published: September 20,2012
Tags: claim, damage, disaster, disaster recovery, flood, flooding, home, homeowners insurance, house, hurricane, insurance, insurer, loss, natural disaster, property, rain, real estate, residence, residential, state agency, storm, tropical, Weather, wind
ACROSS MISSISSIPPI — Private insurers expect to pay more than $24.3 million in claims in Mississippi as a result of Hurricane Isaac, Insurance Commissioner Mike Chaney says. Chaney says that as of yesterday, Mississippi’s 21 largest insurers had received 9,400 claims and paid $8.6 million. That’s tiny compared Hurricane Katrina’s $41 billion in insured damage [...] [...]
by Associated Press Published: July 18,2012
Tags: buyout, county government, elevation, federal aqgency, federal government, flood, flooding, home, homeowners insurance, house, hurricaner, insurance, land, property, real estate, residence, residential real estate, severe weather, tropical weather, Weather
JACKSON COUNTY — Eighty-six properties in Jackson County could be eligible for the federal government’s home elevation or buyout program. The Mississippi Press reports supervisors were told this week that notices would be sent out to eligible property owners to determine if they are interested. In February, the county hired Thompson Consulting Services to submit [...] [...]
by Associated Press Published: May 7,2012
Tags: home insurance, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, residences, residential real estate, residents, severe weather, tropical weather, Weather, wind coverage
MISSISSIPPI GULF COAST — Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi. Angelyn Treutel is an independent insurance agent and vice president of the agency [...] [...]
MISSISSIPPI GULF COAST — Jackson County board member Mark Cumbest says Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. Reinsurance — essentially insurance for insurers — is a major driver of policy premiums. It protects the Mississippi Windstorm Underwriting Association from debilitating claims, such as those created [...] [...]
by Associated Press Published: March 26,2012
Tags: courts, disaster recovery, flood, flooding, homeowners insurance, homes, houses, hurricanes, insurance, judges, judicial, judiciary, justices, l homeowners, natural disaster, severe weather, tropical weather, Weather
JACKSON — The Mississippi Supreme Court has denied motions to reconsider its ruling last December that overturned a judgment for an insurance company in a wind vs. water case. The case involved a Pascagoula home hit by 6.3 feet of storm surge during Hurricane Katrina in 2005. Both the homeowners and Nationwide Mutual Fire Insurance [...] [...]
by Associated Press Published: March 14,2012
Tags: bills, building codes, construction, flooding, floods, hail, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, law, lawmakers, legislation, legislative branch, legislators, Legislature, rain, residences, severe weather, state government, tornadoes, tropical weather, Weather, wind
JACKSON — The Mississippi House passed a bill yesterday to require insurance companies to offer discounts on costly hurricane coverage in five southern counties, including three on the Coast. Discounts are required by July 2013. They would go to single-family homes and some manufactured homes for meeting strong-house standards in the current building code, those [...] [...]
by Associated Press Published: January 30,2012
Tags: flood insurance, homeowners insurance, hurricanes, insurance, real estate, severe weather, state government, storm surge, tropical weather, Weather, wind, Wind Pool
MISSISSIPPI GULF COAST — Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums. The Mississippi Press reports that the board left Saturday and are expected to return Friday. The Mississippi Windstorm Underwriting Association is the insurer of last [...] [...]
by Associated Press Published: December 27,2011
Tags: courts, flood insurance, homeowners, homeowners insurance, homes, hurricanes, insurance, severe weather, tropical weather, Weather
PASCAGOULA — The Mississippi Supreme Court has overturned a judgment for an insurance company in a wind vs. water case involving a Pascagoula home hit by 6.3 feet of storm surge during Hurricane Katrina in 2005. The National Flood Insurance Program paid Michael Robichaux and his wife, Mary, who has since died, policy limits for [...] [...]
by MBJ Staff Published: December 16,2011
Tags: federal government, flood insurance, flooding, floods, homeowners insurance, insurance, levees, rain, severe weather, Weather
WASHINGTON — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.), are encouraging community leaders, engineers and people in flood-prone areas to assess and then comment on a new “levee-inclusive” risk assessment process that will replace the “without levee” method criticized by the lawmakers earlier this year. The Federal Emergency Management Agency has opened a [...] [...]
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