Posts Tagged ‘insurance’

NCCI petitioning for workers’ comp rate decrease

JACKSON — Employers in Mississippi could start paying less for workers’ compensation insurance as early as next March, pending approval of a rate filing at the Mississippi Insurance Department. The National Council on Compensation Insurance has filed an average 3.2 percent statewide rate reduction with the MID. “At a time when we are seeing so […] [...]

LIFE CHANGES — Insurance re-enrollment time is near; make sure your coverage reflects your changing needs

by Published: September 24,2014

Tags: Business, human resources, insurance, Mississippi, NEWS

When annual enrollment time for employer-sponsored insurance plans comes around, it can be difficult to drum up much interest by employees in evaluating their insurance plans and making adjustments. According to a survey by MetLife, often employees aren’t all that excited by the prospect of annual benefits enrollment. “In fact, their annual encounter with the […] [...]

SouthGroup Insurance named to ‘Best Practices’ study

RIDGELAND — SouthGroup Insurance Services is part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA) “Best Practices” Study Group. Each year since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, join forces to study the country’s leading agencies […] [...]

City leaders vote against offering insurance to one adult, possibly same-sex partner

STARKVILLE — City of Starkville aldermen are rolling back a decision that would have allowed city employees to buy health insurance coverage for one other adult, including possibly a same-sex partner. Aldermen yesterday voted 4-2, with one abstention, to limit that benefit to people whom Mississippi considers legally married. Mayor Parker Wiseman is telling council […] [...]

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 […] [...]

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