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Tag Archives: NEWS

Where are the millennials of insurance? Ole Miss teams with industry executives to replenish ranks as boomers retire

By TED CARTER The prospect of calamities has kept insurance executives from sleeping easy since way back in the 1300s when enterprising Genoans began insuring ships and cargo. Nowadays, insurance execs are trying to head off a modern-day calamity of not having new blood to carry the industry forward as baby boomers retire from the field in droves. Their efforts ...

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LAW ELEVATED — Benefit plan records retention: How long is enough?

Ask any benefits professional and he or she will likely tell you the question most frequently asked by benefit plan sponsors is: “How long do I have to keep these old plan documents?” The answer to that question depends whether the benefit plan is subject to federal law (the Employee Retirement Income Security Act or “ERISA”).  Most benefit plans sponsored ...

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MATTHEW McLAUGHLIN — Supporting startups: Delta I-Fund comes to Jackson

Contemporaneous with my writing of this article, there are 17 teams of startups congregated on the first floor of my State Street building for the kickoff weekend of the Delta I-Fund summer cohort, an annual program funded by grants from the Winrock Foundation and the Delta Regional Authority. The mission of the Delta I-Fund is to positively impact low-to-moderate income ...

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Aldermen approve plan for Ridgeland Costco fueling station

By JACK WEATHERLY The Ridgeland Board of Aldermen voted 4-3 Tuesday night to move forward with a site plan allowing a Costco Wholesale Store fueling station. But the plan faces a legal obstacle much like the plan for the Costco Wholesale store that was struck down by the Mississippi Supreme Court. That 7-0 vote by the Supreme Court on April ...

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New owner of Vicksburg lumber mill to reopen, hire 125

By JACK WEATHERLY Vicksburg Forest Products is reopening a lumber mill in Vicksburg it purchased from Anderson-Tully Co. in March. After significant upgrades and modifications are complete, the multi-million dollar corporate investment will create 125 jobs and expects to begin operations late next month, according to news release from the governor’s office. Anderson-Tully, which had operated in Vicksburg since 1889, ...

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TOMMY SHEPHERD — What has to happen before the first sports wager in Mississippi?

While many media outlets have reported that Mississippi is one of a handful of states on the forefront of preparing for legal sports betting after the Supreme Court declared the Professional and Amateur Sports Protection Act (PASPA) unconstitutional, there is a great deal that must happen before a Mississippi casino may accept legal sports wagers. First, the Mississippi Gaming Commission must adopt implementing regulations. ...

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TVA looks to expand diversity of supplier base

At the Tennessee Valley Authority’s Sixth Annual Supplier Diversity Summit on Tuesday, nearly 60 small businesses learned more about TVA’s contracting process and how to do business with the federally owned utility. And there is plenty of business to be had with TVA, which spent more than $2.7 billion last fiscal year. For the second consecutive year, TVA spent more ...

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Man pleads guilty to rigging bids at foreclosure auctions

Prosecutors say a businessman accused of conspiring to rig bids at public foreclosure auctions in Mississippi has become the sixth real estate investor to plead guilty in the investigation. The Sun Herald cites a U.S. Department of Justice statement as saying that Ivan Spinner pleaded guilty Monday in U.S. District Court to one charge of price fixing. Prosecutors say that from April ...

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Guilty pleas in illegal shipping of hazardous waste

Three people have pleaded guilty in federal court to illegally transporting 9 million pounds of hazardous waste from Mississippi to Missouri without acquiring the proper permits. Raymond Williams, 71, of Atlanta, the president and CEO of U.S. Technology Corp., based in Canton, Ohio, pleaded guilty Tuesday to conspiring to transport hazardous waste. The company also pleaded guilty. Daryl Duncan, 37, ...

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MDEQ gives Patel June 30 deadline to correct issues

TUPELO – The Mississippi Department of Environmental Quality has told Tupelo hotelier and developer Bruce Patel that he has until the end of the month to correct issues the department found on a site visit last month to the Pinnacle Point development on North Gloster Street. Patel’s initial plans call for an $18 million investment in a senior living facility ...

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