by MBJ Staff Published: May 25,2012
Tags: bills, federal agency, federal government, federal program, flood insurance, flooding, floods, home insurance, insurance, lawmakers, laws, legislative, levees, rain, senators, severe weather, Weather
WASHINGTON — Sen. Thad Cochran (R-Miss.) issued the following statement following Senate approval of a 60-day extension of the National Flood Insurance Program (NFIP) in conjunction with an agreement to begin debate on a long-term reauthorization measure in June: “I am pleased an agreement has been reached that will allow a short extension of the [...] [...]
by Associated Press Published: May 25,2012
Tags: appeal, bench, conviction, courts, fraud, insurance, judges, judicial, judiciary, sentencing
SOUTHAVEN — A federal appeals court has upheld the 37-month sentence handed to Robert Rainey, a Mississippi man convicted of defrauding a Memphis insurance company. Robert Rainey and his wife, Elizabeth, both of Southaven, were sentenced earlier this year on charges stemming from a scam involving insurance checks totaling nearly $700,000. Elizabeth Rainey was sentenced [...] [...]
BRANDON — The final defendant has been sentenced in a scheme that bilked the state out of more than $500,000 in a health care fraud scheme. Former Blue Cross Blue Shield of Mississippi employee Sonya Mitchell, 35, of Jackson was sentenced to 18 years in prison for her part in a scheme that led to [...] [...]
by Associated Press Published: May 22,2012
Tags: babies, birth control, births, churches, federal government, healt, health care, health care reform, health insurance, insurance, religion
AROUND MISSISSIPPI — Ten Catholic groups in Mississippi are suing the Obama administration over a mandate that most employers provide birth control coverage as part of health insurance plans. Roman Catholic groups across the nation filed 12 lawsuits yesterday. One was filed in federal court in the southern half of Mississippi. “This lawsuit is an [...] [...]
by Associated Press Published: May 7,2012
Tags: home insurance, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, residences, residential real estate, residents, severe weather, tropical weather, Weather, wind coverage
MISSISSIPPI GULF COAST — Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi. Angelyn Treutel is an independent insurance agent and vice president of the agency [...] [...]
JACKSON — A.M. Best Co. has revised the outlook to “positive” from “stable” and affirmed the financial strength rating of “B- (Fair)” and issuer credit rating of “bb-” of Gulf Guaranty Life Insurance Company. A.M. Best wrote: “The ratings reflect the company’s more than adequate level of risk-adjusted capitalization, improved net income reported in 2011 [...] [...]
MISSISSIPPI GULF COAST — Jackson County board member Mark Cumbest says Mississippi’s insurer of last resort has bought $815 million in reinsurance for the coming storm season. Reinsurance — essentially insurance for insurers — is a major driver of policy premiums. It protects the Mississippi Windstorm Underwriting Association from debilitating claims, such as those created [...] [...]
by Associated Press Published: April 25,2012
Tags: appeal, attorneys, bench, courts, disaster, disaster preparedness, hurricanes, insurance, judges, judgment, judicial, judiciary, law, lawsuit, lawyers, natural disaster, severe weather, tropical weather, Weather
BAY ST. LOUIS — The state Court of Appeals has upheld a ruling that the owners of Trapani’s Eatery in Bay St. Louis cannot collect more than $300,000 they claimed to be owed by a local insurance agent after their business washed away in Hurricane Katrina. A Hancock County judge ruled against Anthony Trapani in [...] [...]
RIDGELAND — A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of “A- (Excellent)” and issuer credit rating of “a-” of Medical Assurance Company of Mississippi (MACM) of Ridgeland. Best wrote: “The ratings of MACM are reflective of its strong risk-adjusted capitalization, conservative loss reserve position, sustainable [...] [...]
by Associated Press Published: March 26,2012
Tags: courts, disaster recovery, flood, flooding, homeowners insurance, homes, houses, hurricanes, insurance, judges, judicial, judiciary, justices, l homeowners, natural disaster, severe weather, tropical weather, Weather
JACKSON — The Mississippi Supreme Court has denied motions to reconsider its ruling last December that overturned a judgment for an insurance company in a wind vs. water case. The case involved a Pascagoula home hit by 6.3 feet of storm surge during Hurricane Katrina in 2005. Both the homeowners and Nationwide Mutual Fire Insurance [...] [...]
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