by Associated Press Published: March 26,2012
Tags: bill, federal government, fishing, fishing camps, flooding, floods, hunting, hunting camps, insurance, law, lawmakers, legislative, rain, severe weather, state government, Weather
JACKSON — The state Senate has given final legislative approval to a bill to allow local governments to enforce federal floodplains codes at hunting and fishing camps and remain in the National Flood Insurance Program. The bill now goes to the governor. Lawmakers tell the Mississippi Press they expect the governor to sign the bill [...] [...]
by Associated Press Published: March 14,2012
Tags: bills, building codes, construction, flooding, floods, hail, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, law, lawmakers, legislation, legislative branch, legislators, Legislature, rain, residences, severe weather, state government, tornadoes, tropical weather, Weather, wind
JACKSON — The Mississippi House passed a bill yesterday to require insurance companies to offer discounts on costly hurricane coverage in five southern counties, including three on the Coast. Discounts are required by July 2013. They would go to single-family homes and some manufactured homes for meeting strong-house standards in the current building code, those [...] [...]
MONTICELLO and LAWRENCE COUNTY — Monticello and Lawrence County have achieved new fire insurance ratings. Officials tell the Daily Leader the city has new rating of six and the county had an eight. The ratings came from the state. Monticello Fire Department Capt. Jared Evans says a class six rating will lower insurance costs to [...] [...]
JACKSON — Efforts to hold the line on Mississippi’s Medicaid spending are getting more daunting. The state Medicaid agency told House members yesterday that without changes, it now needs almost $884 million for the budget year that begins July 1. That’s up from the $870 million that the agency had previously requested. Gov. Phil Bryant [...] [...]
JACKSON — The Mississippi Insurance Department is alerting the Mississippi producer community that it is investigating possible instances of unauthorized insurance activity focusing on habitation risks (e.g., apartment buildings, condominium developments, hotels, etc.). Specifically, alleged coverage, binders and/or policies placed through an unlicensed individual and entity, Michael A. “Mike” Ward or his related entity, JRSO [...] [...]
JACKSON — More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and created a charity that claimed to have Vatican connections to further his scheme and cover [...] [...]
by Associated Press Published: February 23,2012
Tags: federal government, fishing camps, flood insurance, flooding, floods, hunting camps, insurance, rain, severe weather, snow, state government, Weather
JACKSON — The Mississippi House has approved a bill to allow local governments to enforce federal floodplains codes at hunting and fishing camps and remain in the National Flood Insurance Program. The bill would remove the hunting- and-fishing-camp exemption from floodplains regulations. The bill was held for the possibility of more House debate. Similar bills [...] [...]
by MBJ Staff Published: February 15,2012
Tags: bills, constitutionality, courts, federal government, health benefits, health care, helath, insurance, judges, judicial branch, judiciary, lawmakers, laws, legislative branch, medicine
WASHINGTON — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss) are among 43 Senators who have filed an amicus brief with the U.S. Supreme Court in support of a multi-state legal challenge to a federal mandate that individuals must purchase health insurance. The amicus brief was filed with the Supreme Court Monday in support [...] [...]
by Associated Press Published: January 30,2012
Tags: flood insurance, homeowners insurance, hurricanes, insurance, real estate, severe weather, state government, storm surge, tropical weather, Weather, wind, Wind Pool
MISSISSIPPI GULF COAST — Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums. The Mississippi Press reports that the board left Saturday and are expected to return Friday. The Mississippi Windstorm Underwriting Association is the insurer of last [...] [...]
MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries, including Mississippi Valley Title Insurance Company, on “Rating Watch Negative.” Fitch reports: “The Rating Watch reflects uncertainty as to ORI’s ability to continue to avoid a covenant breach under its debt obligations in light of ongoing [...] [...]
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