Live Insurance News

Mississippi insurance commissioner recommends hurricane season preparations

May 6, 2020May 5, 2020 G. Turner

Hurricane season preparations - Hurricane in the Atlantic

The official start may not be until June 1, but Mike Chaney says people should start getting ready now. Mississippi Insurance Commissioner Mike Chaney is reminding residents of his state to begin their Atlantic hurricane season preparations now instead of waiting for storms to arrive. Chaney is also encouraging residents to remember to pack extra pandemic protection in their “Go Bags.” Part of the Atlantic hurricane season preparations Chaney has recommended this year is to keep in mind that we are in the midst of a pandemic. Therefore, while packing…

Piecemeal insurance plan is costing Mississippi state employees

October 15, 2015October 13, 2015 Julie Campbell

The method of coverage used for those workers has fragmented contracts that are more expensive. According to a recent report by The Clarion-Ledger in Mississippi, if all state employees were to receive supplemental coverage on their insurance plans, they would likely receive better benefits while paying less for them. At the moment, the contracts for insurance coverage are spread out among over 100 state agencies and school districts. At the moment, the state doesn’t require competitive bidding to occur for insurance plans, nor are proposals for the best price or…

Mississippi has a contingency plan in case health insurance subsidies are struck down

June 17, 2015June 16, 2015 S.Vagus

State moves to secure health insurance coverage for residents pending Supreme Court ruling The majority of consumers in the United States receive subsidies from the federal government that helps cover the cost of health insurance coverage purchased through exchanges. These subsidies are being threatened, however, by a potential ruling from the Supreme Court. The issue involves whether or not it is legal for the federal government to provide subsidies through exchanges that it operates. Per the Affordable Care Act, these subsidies are primarily available through state-run exchanges. Mississippi has proposed…

Insurance industry clarity bill signed into law in Mississippi

May 6, 2015May 5, 2015 Marc

Mississippi Homeowners Insurance Industry

Mississippi Governor Phil Bryant signs clarity bill into law Mississippi’s Insurance Clarity has been signed into law by Governor Phil Bryant. The bill is meant to ensure more transparency in the insurance industry, forcing companies to provide more information concerning the premiums they collect and the losses they face in doing business. Transparency has become an important issue for the insurance industry, where many consumers have voiced their concerns that insurers do not offer enough information and attempt to hide this information in order to preserve themselves. Insurance industry will…

New legislation brings more clarity to property insurance

February 18, 2015February 16, 2015 S.Vagus

Mississippi legislation aims to bring more clarity to the property insurance sector Mississippi lawmakers are attempting to bring more clarity to the property insurance space. A new legislation, which has won support from the House of Representatives, is set to appear before the state’s Senate. The legislation is designed to bring more transparency to homeowners insurance and provide clarity on the premiums that insurance companies collect. Called the Property Insurance Clarity Act, the legislation is gaining strong support. Last year, a previous version of the legislation was struck down by…

Flood insurance rates battle now includes another state

December 3, 2013November 30, 2013 H. Cutner

Mississippi has been trying to combat the federal plans to boost the price of coverage. The intentions to increase federal flood insurance rates is currently being challenged by Mississippi, and that state is far from being alone as Louisiana, its neighbor, has now joined the others in this legal action to try to keep the cost at an affordable level. The original lawsuit was filed by Mississippi in an attempt to stop increases at the start of October. The National Flood Insurance Program (NFIP) had announced that premiums for most…

The Most Expensive States for Car Insurance

June 29, 2013April 21, 2014 Guest Author

The United States is known the world over for being full of motoring fanatics with people loving the old and new models, taking them apart and putting in modern add-ons to improve performance, washing them to keep them clean on an almost daily basis and loving their motorsport. With all of this in mind, you would almost expect the US to be relatively cheap in terms of car insurance. You would also expect that annual insurance prices would be relatively similar across the country. However, there are some significant variations…