Posts Tagged ‘insurance’

BancorpSouth buying Louisiana-based insurance firm

TUPELO — BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, has, signed a definitive agreement to acquire the assets of Lafayette, La.-based Knox Insurance Group, LLC. The transaction is expected to close immediately.  Financial terms of the pending transaction were not disclosed. “The Knox acquisition gives us an opportunity to meaningfully expand our market […] [...]

Chaney: New building codes law could save lives, money

JACKSON — Mississippi Insurance Commissioner Mike Chaney believes Mississippi’s citizens can have more confidence in the strength and resilience of their new homes and also potentially save money on insurance premiums with the signing of Senate Bill 2378, creating mandatory statewide building codes, if local leaders decide to operate under the new law. A mandatory […] [...]

Concerns still high about possible flood insurance hikes

GREENVILLE — Henry Nathaniel has escaped the rising tide of flood insurance costs for now, but he’s still worried. The retired 70-year-old owns a 1,650-square-foot house valued at less than $50,000 on Greenville’s north side. He was already paying a relatively steep $550 a year to the National Flood Insurance Program. Then he got a […] [...]

Bryant signs hurricane deductible bill into law

JACKSON — Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law that Gov. Phil Bryant has signed. House Bill 756, sponsored by Biloxi Republican Scott DeLano, requires Insurance Commissioner Mike Chaney to rule that higher deductibles apply beginning when a hurricane watch or warning is issued somewhere […] [...]

Woman accused of submitting false claim for work-related injury

PASS CHRISTIAN — A Coast woman is being charged with insurance fraud, according Attorney General Jim Hood. Paulina Wilkerson, 40, of Pass Christian, turned herself in to authorities at the Harrison County Detention Center following her indictment by a Harrison County Grand Jury on insurance and wire fraud. The indictment alleges that Wilkerson executed a […] [...]

Security Plan completes purchase of Magnolia Guaranty

RIDGELAND — Security Plan Life Insurance Company has completed the purchase of Magnolia Guaranty Life Insurance Company. On March 7, Citizens Inc. subsidiary Security Plan completed its acquisition of Magnolia of Ridgeland for $5.23 million. Security Plan paid cash in exchange for 409,553 shares of Magnolia capital stock outstanding. In response to receiving the Mississippi […] [...]

Singing River to hold Health Insurance Marketplace sign-up

PASCAGOULA — Singing River Health System will partner with Ambetter, the Health Insurance Marketplace provider for South Mississippi, to provide a free consultation and insurance sign-up Feb. 18 from 4 p.m.-7 p.m at the Pascagoula Senior Center. Licensed insurance agents will be on-site to assist with enrollment and answer questions. The event is open to […] [...]

Insurer signs up for services through C Spire’s new data center

RIDGELAND — With its new, state-of-the-art $20 million data center only 10 months from opening, C Spire has signed an agreement to provide Southern Farm Bureau Life Insurance Company with data center services to support its enhanced business continuity program. Charles Allen, vice president and CTO of Jackson-based Southern Farm Bureau Life Insurance Company said […] [...]

Mike Chaney named tops in his field

by Published: February 7,2014

Tags: Business, insurance, Mississippi

Mississippi Commissioner of Insurance Mike Chaney has been named one of the top insurance professionals of 2013 by Insurance Business America magazine. Chaney has the distinction of being the only state insurance commissioner on a list that is comprised of company presidents, CEOs and experts, a governor, state and national legislators and industry information executives. […] [...]

ALAN TURNER — Who gave up the money? Health care and our shifting economic priorities

by Published: February 7,2014

Tags: healthcare, insurance, MBJ, Mississippi

During the past few weeks, a number of very large, high-profile companies have announced that they are dropping existing health benefits for part-time employees. In the past year, other large companies have announced that they are suspending health benefits for spouses. With the pre-eminence of health care in the United States these days (and few […] [...]

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