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Commercial insurance market is stable and growing

The overall state of the commercial insurance market in Mississippi is stable and growing, according to state Insurance Commissioner Mike Chaney. One market trend Chaney sees is increases in the commercial auto and workers compensation rates. “That is due to the fact that we are coming out of a soft market,” he said. Insurance executives are focused on two looming ...

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Coastal home insurance scene expensive, but improving 8 years after Hurricane Katrina

The cost of insurance continues to be a common lament among homeowners in the state’s three coastal counties. As more insurance companies write coverage in Mississippi, will competition cause costs to decrease? Should anyone contemplating the purchase of a home buy now before insurance prices increase more? State Insurance Commissioner Mike Chaney isn’t dispensing advice on what individuals should or ...

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Recruitment pays off for Tupelo hospital

TUPELO — Rodger Brown, vice president for human resources, North Mississippi Health Services, is proud to head up HR for an organization with 6,200 employees that is one of the top three largest private sector employers in the state. He is even more proud of the crowning achievement of NMHS in winning the Malcolm Baldrige National Quality Awards in 2012. ...

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SouthGroup builds on legacy as state's largest private insurance agency

The folks at SouthGroup Insurance Services are fond of a saying that sums up the company’s complex beginnings. “We like to say we’re an 11-year-old company with a 115-year history,” said Ronnie Tubertini, president and CEO. Tubertini was one of the founders of SouthGroup, which was formed Jan. 1, 2002, when 12 “successful, old and respected agencies” from across Mississippi ...

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Insurance costs contribute to slow residential growth on Gulf Coast

A drive along coastal U.S. 90 reveals many vacant lots where homes and businesses sat before Hurricane Katrina in 2005. Eight years after the devastating storm, rebuilding is scarce along the beach and on nearby streets. While reasons vary, the high cost of insurance is heard more than any other reason. For full coverage, property owners near the water need ...

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Porter leads Glynn Griffing and Associates with music in her heart

On her way to becoming president of Glynn Griffing and Associates, Kim Griffing Porter had a musical career. After earning degrees in music from Ole Miss and Boston University, she won a competition as a soprano and traveled the world with a youth orchestra and choir. “I had an opportunity to sing and travel all over the world, but I ...

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Act now before storm season

If you think preparing for storm season only means stocking up on extra drinking water and food or filling your gas tank, you are missing a very important step in your preparations. You should get to know your insurance policy. Knowing what’s covered and what’s not can save you a world of trouble and possibly a lot of money if ...

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Commercial real estate insurance rates increasing, but property owners can take steps to reduce premiums

Superstorm Sandy in 2012 followed an unprofitable 2011 year worldwide for insurers, so it should come as no surprise that coverage for insurance including commercial insurance is increasing in price. “Over the past year or two, we’ve seen slight increases in property rates,” said Brandt Galloway, a partner with Galloway Chandler-McKinney insurance, Columbus. “Upgrades to the property such as centrally ...

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Proposed Medicaid expansion could create 9,000 jobs

The proposed Medicaid expansion that is part of the Affordable Care Act, better known as Obamacare, would add 400,000 state residents to Medicaid, which a University Research Center report predicts would create 9,000 new jobs in Mississippi. Former state economist Phil Pepper points out that is as many jobs as generated by the Nissan and Toyota auto plants in Mississippi ...

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