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Insurance rates hinge on local standards

Economy could force changes in urban and rural fire operations Steps taken by Mississippi’s state government during the last 23 years are credited with keeping today’s home and business fire insurance rates stable. But budget problems in urban fire departments and manpower shortages in rural ones threaten the hard-won stability. As the recession lingers, localities having paid, or “career,” fire ...

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RAND proposals designed for new thinking on coastal storm insurance

Research organization sees lack of progress on Gulf Coast property insurance challenges,  details ideas for avoiding post-Katrina missteps The next time a strong hurricane or series of hurricanes hammer Mississippi’s coastal region as they did in 2004-2005, some changes in the structure of wind and flood insurance must be in place, says the RAND Corporation in an in-depth study funded ...

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Coastal American set to grow as coastal insurer

New insurance firm staking its viability on belief water — not wind — is biggest threat to Gulf homes A little more than seven months after it began providing wind and flood coverage to homeowners along Mississippi’s coast, Coastal American Insurance Co. is ready to take on several thousand new policyholders, says Ned Dolese, a founder of the company who ...

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Proximity pays OFF

Fire Ratings Bureau more concerned with nearness of fire services than number of homes to be served Want to pay less for fire insurance? Move next door to a fire station, even if the neighborhood is jam packed with dwellings. In fire insurance, as in real estate, location is everything. When Joe Shumaker and his staff at the Mississippi State ...

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A fire station near every home

Long-ago funding revamps help lower insurance premiums A couple of decades ago, Mississippi set a goal of putting a fire station within five miles of every home in the state. “I think we’re very close to that,” said Larry Barr, state fire coordinator for the Mississippi Department of Insurance’s Division of Fire Service Development. Two key actions by state government ...

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Wait and see

Employees, bosses still in the dark about impact of healthcare reform on paychecks Changes to the nation’s healthcare laws are coming as soon as Sept. 23, while others won’t take effect in 2014. Renee Gibbons, an employer benefits specialist for Galloway Chandler McKinney Insurance in Columbus, said many of the company’s small business clients are forced to take a wait-and-see ...

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A thoughtful pause — Coast cities reflect and recover with multiple projects

Coast cities reflect and recover with multiple projects Many residents and officials will pause to observe Sunday’s fifth anniversary of Hurricane Katrina. Among them will be mayors of the Coast’s 11 municipalities who can measure the progress of recovery by looking back at the tremendous tasks after Aug. 29, 2005. Pascagoula Mayor Robert Maxwell says the greatest loss sustained by ...

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Life well lived

  Long before guiding the Ole Miss Rebels football team to a national championship in 1962, Glynn Griffing roamed the hills and valleys of the Vicksburg National Military Park. “It was a quite an experience,” he said. “We ran all over that park.” He and friends spent days scampering along the hills in search of treasures, but his time at ...

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It’s about tailoring coverage with needs

Third-party administrators were established with the government’s approval in the 1970s Third-party administrators can provide cost-efficient insurance and benefit services to Mississippi companies while tailoring the services to meet the companies’ needs. “What sets us apart is that we’re much more flexible in designing plans to fit the company, which larger carriers, by their sheer size, are sometimes unable to ...

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Daniels found stability with State Farm

Delta native says brand of nation’s largest insurer and father’s legacy made decision easy An open position in a Yazoo City State Farm office and the desire for a more stable career led agent Andy Daniels to follow in his father’s footsteps. After working for nearly a decade at various sales marketing positions and moving eight times in nine years, ...

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