Mississippi Business Journal » insurance

Insurer settles with county over damaged roads

Associated Press — Wed, 22 May 2013 12:25:42 +0000

CORINTH — The insurer for a transport company has paid $247,500 for damage to Alcorn County roads in 2011. The board of supervisors accepted the settlement for damage to Holly Church Road and Henson Road. Supervisors say the roads were damaged during a transport job by Burkhalter Rigging of Columbus. The Northeast Mississippi Daily Journal [...]

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Medicaid to pay Health workers; dozens of jobs saved

Associated Press — Sun, 12 May 2013 20:32:58 +0000

JACKSON — Mississippi Medicaid officials will resume paying state Health Department workers to help women with high-risk pregnancies. The agreement, announced Friday, starts June 1 and runs through June 30, 2014. Medicaid has typically paid the Health Department more than $8.5 million a year for the program. The new agreement reverses last month’s decision by [...]

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May 10, 2013 – Chuck McIntosh

Chuck McIntosh — Fri, 10 May 2013 14:50:17 +0000

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State Farm appeals Katrina-related whistleblower lawsuit ruling

Associated Press — Thu, 09 May 2013 17:21:09 +0000

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- [...]

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Julie Deer comes aboard People Lease

Stephen McDill — Fri, 03 May 2013 19:59:43 +0000

People Lease has added Julie Deer to the staff. Deer brings two years’ experience in the insurance industry with her. She is a licensed property and casualty agent and is currently pursuing her licensing in life and health. Deer is a 2010 graduate of Mississippi State University, where she received a degree in business administration. [...]

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Hailstorm claims exceed $209M; Chaney expects more

MBJ Staff — Thu, 25 Apr 2013 12:29:53 +0000

METRO JACKSON — The latest report from Mississippi’s major insurance carriers on the March hailstorm to the Mississippi Insurance Department (MID) shows that both claim and payment numbers continue to rise. As of the April 15 reporting period over 56,000 homeowner and automobile damage claims have been filed and claims payments are at $209.4 million, [...]

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BancorpSouth’s earnings impacted by litigation costs

MBJ Staff — Tue, 23 Apr 2013 12:16:44 +0000

TUPELO — BancorpSouth Inc. has released financial results for the quarter ended March 31. Highlights for the first quarter included: • Net income of $20.8 million or $0.22 per diluted share • Mortgage production of $425.9 million and mortgage sales of $445.9 million, which contributed to mortgage lending revenue of $12.3 million for the quarter, [...]

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Medicaid chooses California firm for management solution

MBJ Staff — Tue, 09 Apr 2013 12:05:45 +0000

JACKSON — The State of Mississippi Medicaid has selected MedeAnalytics, a California-based provider of healthcare performance management solutions, for the next generation of the state’s Medicaid Electronic Health Records System (MEHRS) application. The state’s primary goal is to integrate claims and clinical data from various health information exchanges and serve as the clinical data warehouse [...]

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Lawmakers’ disagreement shows divide over Medicaid expansion

Associated Press — Tue, 09 Apr 2013 11:23:41 +0000

JACKSON — Two lawmakers who spoke at a press luncheon yesterday disagreed about whether Mississippi should expand Medicaid, reflecting the partisan split that left the health program in limbo when the House and Senate ended their three-month session last week. Democratic Sen. David Blount, of Jackson, said adding an estimated 300,000 people to Medicaid — [...]

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Insurance firm found guilty of Katrina-related fraud

Associated Press — Tue, 09 Apr 2013 11:14:03 +0000

GULFPORT — A federal jury has found State Farm Fire and Casualty Co. committed fraud against the federal government and submitted a false record to support fraud after Hurricane Katrina. The Sun Herald reports the verdict came after the eight-member jury deliberated for three hours Monday in a whistleblower lawsuit. The decision potentially opens for [...]

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