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Tag Archives: insurance

Health care mergers alter market

By LISA MONTI  It has been a summer of mergers. Kicking off the July announcements, insurer Centene Corp. agreed to buy Health Net Inc. for $6 billion in cash and stock. Then Aetna announced its intention to merge with rival Humana in a $37 billion deal. The resulting new company would have more than 33 million members. Also in July, ...

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Reform candidate for insurance chief disqualified

Associated Press State election officials have removed the Reform Party candidate for Mississippi insurance commissioner from the Nov. 3 ballot, saying it was impossible to know whether he had lived in the state long enough to run. The decision leaves Republican Mike Chaney unopposed for a third term. The Reform Party candidate for governor, Shawn O’Hara, told members of the state ...

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PEYTON SMITH — Flood insurance basics

Most people assume when they purchase homeowner’s insurance that flood insurance is included in their policy. It is very important to read your policy and find out whether or not there is flood exclusion because a typical homeowner’s policy does not include flood insurance. Since flood insurance is federally regulated, there are myths and misconceptions with the general public. One ...

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Updated: Hood begins inquiry into possible ‘steering’ practices by insurance companies

By JACK WEATHERLY  Mississippi Attorney General Jim Hood has begun an investigation of insurers that may be involved in “steering” policyholders to certain body shops. The practice, which is illegal, coerces body shops to conduct repairs with inferior aftermarket or remanufactured parts to reduce costs in favor of the insurer. Hood sent identical letters to 12 insurance companies on July ...

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Chaney campaign contributions reach $448,000

By JACK WEATHERLY  Mississippi Insurance Commissioner Mike Chaney has decided that being elected to a third term is worth nearly $500,000. Chaney is being challenged by auto body shop owner John Mosley, who has put $158,000 into his campaign coffers from his own pocket as the two Republicans face each other on Aug. 4 in a primary that will decide ...

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