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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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LIVING LIFE AND LOVING IT: Insurance agent Andy Daniels takes to the sky for birthday

Andy Daniels Not everyone celebrates a birthday with a skydiving adventure, but Andy Daniels of Indianola did just that, and it’s a birthday he won’t soon forget. The State Farm insurance agent didn’t mind turning 46, but he did want to fulfill a long-standing wish and do something memorable. Plans to take the dive on his 40th birthday didn’t work ...

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Williams, new chair of state workers’ comp commission

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 can be a part of ...

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Craft helping to give more choice with healthcare reform

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 Barbour advocated a health benefit ...

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Taking the ‘offshore’ route

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 oil had dropped from an ...

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Demands of solvency…

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 assessment base went into effect ...

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Cut loose by Allstate, homeowners likely to find coverage elsewhere

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 Wulf of the Reinsurance Association ...

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