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Tag Archives: Katrina

Director: Gulfport port work nearing completion, jobs ‘trend’ positive

By Jack Weatherly Completion of the restoration and expansion of the Port of Gulfport, begun during the administration of then-Gov. Haley Barbour, is about six months away, and jobs creation is “trending” toward meeting the terms of nearly $570 million from the federal government. That is the assessment of Jonathan Daniels, executive director of the port. Daniels said in an interview Tuesday that rebuilding and ...

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Hurricane Isaac leaves damage, memories of Katrina in its wake

Hurricane Isaac leaves damage, memories of Katrina in its wake On Aug. 28, almost seven years to the day Hurricane Katrina struck the Mississippi Gulf Coast, Hurricane Isaac blasted the same area. Though only a Category 2 storm, Isaac’s arrival at high tide, its direction and slow movement caused widespread damage and destruction across South and Central Mississippi from storm ...

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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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Chinese drywall settlement reached

Source: PR Newswire NEW ORLEANS — The Plaintiffs’ Steering Committee in the Chinese Drywall multi-district litigation and Knauf Plasterboard Tianjin (KPT) today announced a breakthrough settlement to remediate homes impacted by KPT’s drywall. The agreement establishes a demonstration remediation program, funded by KPT and a number of builders, drywall suppliers and their insurers. The program includes the removal of the ...

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New IRS rule offers tax relief to drywall victims

Source: Press release Tax Agency Announces Instructions to Help Offset Costs of Repairing Corrosive Drywall WASHINGTON, D.C. – U.S. Senators Thad Cochran and Roger Wicker (R-Miss.) today suggested that Mississippians consult a new federal procedure that provides favorable tax relief for property losses associated with corrosive drywall. The Internal Revenue Service (IRS) has issued guidance for affected homeowners who have ...

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Life on the Coast: Five years of the new normal

Has it really been five years since Hurricane Katrina roared across Mississippi?  It’s easy to think it was just yesterday but at the same time feel it’s been 50 years since life for so many people changed. On the Mississippi Gulf Coast, things changed radically. Even a casual observer who doesn’t live here can drive along Highway 90 and see ...

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