Posts Tagged ‘insurer’

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 […] [...]

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 […] [...]

After Blue Cross/hospitals dispute, insurance legislation moves forward

JACKSON — Insurers would have to accept any medical provider who meets contract terms into their network under a bill moving forward in the Mississippi House. The House Insurance Committee voted 7-6 yesterday to approve House Bill 553, with four members present but not voting. The measure comes after a dispute between Community Health Services, […] [...]

House bill would require more information from insurers

JACKSON — Lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code. House Bill 753 could spark more debate over how much coastal homeowners are charged to cover against hurricanes, as well as make it clearer what areas private wind insurers are […] [...]

Shipbuilder reaches $180M settlement with insurer for Katrina losses

PASCAGOULA — Huntington Ingalls Industries and its insurer have reached cash settlement for $180 million for the shipbuilder’s losses from Hurricane Katrina in 2005 at facilities in Pascagoula and Avondale, La. The Mississippi Press reports that the information was contained in a filing this week with the Securities and Exchange Commission. On Sept. 6, the […] [...]

County in dispute with insurer over tornado-damaged voting machines

HATTIESBURG — The Forrest County Board of Supervisors is at odds with its insurer over replacing voting machines damaged in the Feb. 10 tornado. The roof of the county election commission building was severely damaged, exposing the electronic voting machines to rain in the days after the devastating storm. Board president David Hogan tells The […] [...]

Insurer settles with county over damaged roads

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 […] [...]

State Farm appeals Katrina-related whistleblower lawsuit ruling

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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