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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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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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Lower reinsurance prices not resulting in lower premiums

Many insurance companies using discounted reinsurance rates to increase exposure to risks Insurance companies in the United States have been acquiring reinsurance at bargain prices the last few years, giving themselves a hedge against claims from a catastrophic event. So why haven’t policyholders seen a decline in premiums? Because price is but one element of the cost of providing insurance coverage, ...

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Insurance industry watching a few key bills

Health insurance exchange, surplus lines and the uninsured motorists instant verification bill are high on the watch list With the Mississippi State Legislature in full swing, the insurance industry — like all others — is carefully watching procedures at the capitol. However, insurance executives say the state budget is the big factor this session and insurance-related bills are scarce. “We’ve ...

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