Posts Tagged ‘insurance’

A.M. Best gives AmFed a ‘B++’; outlook is stable

RIDGELAND — A.M. Best has assigned a financial strength rating of B++ (Good) and the issuer credit ratings of “bbb+” to AmFed National Insurance Company and its 100% reinsured subsidiary, AmFed Casualty Insurance Company, collectively referred to as AmFed Insurance Group. The outlook assigned to these ratings is stable. A.M. Best wrote: “The ratings and […] [...]

Report: Mississippians pay some of highest car costs in U.S.

by Published: August 11,2014

Tags: automobile, Bankrate.com, car, COST, gasoline, insurance, repair, report

ACROSS MISSISSIPPI — Wyoming is the most expensive state to operate a motor vehicle and Iowa is the cheapest, according to a new Bankrate.com report, but Mississippi is not too far behind. Bankrate factored in the annual costs of gasoline, insurance and repairs. In Wyoming, a typical driver spends $2,705 per year to operate his […] [...]

Report: Mississippi sees biggest hike in home insurance premiums in U.S.

ACROSS MISSISSIPPI — Average annual home insurance premiums in Mississippi increased 15.5 percent during the second quarter of 2014, the largest hike of any of the 25 states that experienced increases, according to the HomeownersInsurance.com Premium Report. The average climbed to $1,170 a year. Nationally, premiums rose to $829 during the quarter, about 2.1 percent […] [...]

Report: More than 6.5M U.S. homes at risk for storm surge

MISSISSIPPI GULF COAST  — CoreLogic has released its 2014 storm surge analysis featuring estimates on both the number and reconstruction value of single-family homes exposed to hurricane-driven storm surge risk within the United States. According to the findings, more than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm […] [...]

Kimberla Little not looking back after career change

by Published: June 20,2014

Tags: Business, employee benefits, insurance, Mississippi

Working in human resources was not Kimberla Little’s plan. However, when a door opened for the Jackson native to work for Regions Bank, she took the opportunity and hasn’t looked back, rising to become assistant vice president, human resources for Regions Financial Corporation. “My desire was to establish a career in pharmaceutical sales,” she recalls. […] [...]

It all changed with Katrina

by Published: June 20,2014

Tags: Business, education, Hurricane Katrina, insurance, Mississippi

The first Mississippi coastal wind residual market was created by the Legislature in 1972 stemming from a lack of voluntary market options partially as a result of Hurricane Camille losses incurred in 1969.  The first version covered both fire and wind/hail perils, but the plan was amended in 1987 to include wind and hail only […] [...]

A.M. Best upgrades Southern Farm Bureau’s ratings

RIDGELAND — A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of “aa-” for the members of Southern Farm Bureau Casualty Group (SFB), namely, Southern Farm Bureau Casualty Insurance Company and its wholly owned subsidiary, Louisiana Farm Bureau Casualty Insurance […] [...]

Medical Assurance’s ratings upgraded by A.M. Best

RIDGELAND — A.M. Best has upgraded the financial strength rating to “A (Excellent)” from “A- (Excellent)” and issuer credit rating to “a” from “a-” of Medical Assurance Company of Mississippi (MACM). The outlook for both ratings has been revised to “stable” from “positive.” A.M. Best wrote: “The ratings of MACM are reflective of its strong […] [...]

Chaney asks insurers to work with storm victims

JACKSON — To assist Mississippians struggling to overcome significant losses caused by the recent storms, Commissioner of Insurance Mike Chaney has instructed insurers to work with policyholders in impacted areas regarding payment of premiums. The Mississippi Insurance Department has issued Bulletin 2014-3, effective yesterday, which applies to commercial property, homeowners, dwelling fire and commercial and […] [...]

More than half of eligible residents sign up on health exchange

ACROSS MISSISSIPPI — New figures show 61,494 Mississippi residents have signed up for private health insurance using a federal government website, out of more than 117,000 who were eligible. The U.S. Department of Health and Human Services yesterday released enrollees in each state between Oct. 1 and March 31. Ninety-four percent of Mississippians who bought […] [...]

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