This is a specific focus of a weekly MBJ edition.
As chairman of the Mississippi Workers’ Compensation Commission, Liles B. Williams oversees the work of an agency that receives reports of more than 11,000 work-related injuries per year. Williams sees his role as one of trying to control the costs while assuring that injured workers are treated fairly. “It is a good feeling when you [...] [...]
While some states have balked at setting up a health insurance exchange (HIE) that is part of the healthcare reforms, in Mississippi Gov. Haley Barbour has supported an exchange designed to make it easier for people to shop online for health insurance policies before it was made part of health care reform legislation. Since 2007 [...] [...]
by Lynn Lofton Published: August 28,2011
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Becoming a State Farm insurance agent was not a route that was a straight road for Jeff Zachary. This second-generation agent began his working life as a petroleum engineer after graduating from Mississippi State University in 1985. However, getting that first engineering job was not without challenges. “When I graduated from college, the price of [...] [...]
State trust for unemployment insurance raises taxable employee wage to $14,000 Mississippi employers who laid off workers in the first quarter have seen a doubling of the amount of wages for which they pay a state assessment for unemployment insurance. The taxable wage rose from $7,000 to $14,000 of each employee’s annual wages. The higher [...] [...]
With hurricane season’s official start less than a month away, 5,000 Mississippi homeowners face the prospect of losing their Allstate home insurance coverage. But state polices adopted after Katrina in 2005 should go a long way toward ensuring the homeowners can find policies elsewhere, say Professor Larry Cox of the University of Mississippi and Matt [...] [...]
Many insurance companies using discounted reinsurance rates to increase exposure to risks Insurance companies in the United States have been acquiring reinsurance at bargain prices the last few years, giving themselves a hedge against claims from a catastrophic event. So why haven’t policyholders seen a decline in premiums? Because price is but one element of the [...] [...]
Health insurance exchange, surplus lines and the uninsured motorists instant verification bill are high on the watch list With the Mississippi State Legislature in full swing, the insurance industry — like all others — is carefully watching procedures at the capitol. However, insurance executives say the state budget is the big factor this session and [...] [...]
Shumaker must be versatile at the state rating bureau Joe Shumaker has had a long career with the Mississippi Rating Bureau, where he began working at age 20. He currently wears three hats as manager of the three separate entities at the bureau. There’s the Mississippi Rating Bureau, established by state law in 1924, which [...] [...]
Actuaries provide a valuable service for insurance, other sectors What is an actuary and what do they do? These mainstays of the insurance industry are not crunching numbers with a magical twist; they’re grounded in mathematics, logic and statistics. They’re also listed on job-rating lists as one of America’s top 10 best jobs. Furthermore, the road [...] [...]
Mississippi Association of Self Insurers’ members thriving Self insurers in Mississippi are alive and well. In spite of a recovering economy and some employment problems, these not-for-profit insurers and members of the Mississippi Association of Self Insurers are thriving, according to Dan Gibson, executive director of MASI. “Our members are doing well even though it’s [...] [...]
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