Mississippi

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  Battle over NFIP Rate Hikes Causes Ripples in Louisiana Senate Race

  By Arthur D. Postal, PropertyCasualty360.com  |  May 20, 2013

  The battle over rate hikes imposed on flood insurance program policyholders in Louisiana is intensifying, with the big prize being the Senate seat now held by Mary Landrieu, D-La.

• NFIP Rate Hike Delay Unlikely

  By Arthur D. Postal, PropertyCasualty360.com  |  May 13, 2013

  Members of the Senate are scrambling in advance of a May 14 vote to craft an amendment dealing with politically-sensitive hikes in federal flood insurance premiums that would retain the rate structure imposed by a previous law to extend the program.

• Senate Majority Leader Seeks Compromise on Bill to Delay NFIP Rate Hikes

  By Arthur D. Postal, PropertyCasualty360.com  |  May 10, 2013

  Senate Majority Leader Harry Reid is taking extraordinary steps to force a compromise on a proposed amendment to pending legislation that would indefinitely delay politically-sensitive hikes in flood insurance premiums scheduled to go into effect next year.

• Federal Bills Incentivize States to Adopt Uniform Building Codes

  By Arthur D. Postal, PropertyCasualty360.com  |  May 9, 2013

  Legislation has been introduced in both the House and Senate aimed at providing additional incentives for states to adopt and enforce uniform building codes.

• Louisiana Senators Push for Delay in NFIP Rate Hikes

  By Arthur D. Postal, PropertyCasualty360.com  |  May 8, 2013

  Louisiana’s two senators are proposing an indefinite delay to flood insurance premium hikes mandated by legislation enacted in 2012.

• State Farm Seeks New Trial Against Rigsbys in Katrina-Related Whistleblower Case

  By Chad Hemenway, PropertyCasualty360.com  |  May 8, 2013

  State Farm is seeking a new trial with two sisters, independent adjusters, who accused the insurer of defrauding the federal government following 2005’s Hurricane Katrina.

• Miss. Jury Finds State Farm Defrauded NFIP After Katrina

  By Chad Hemenway  |  May 1, 2013

  A federal jury in Mississippi has ruled that State Farm committed fraud against the government’s NFIP following Hurricane Katrina.

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  NJ, NY Insurers Settle 93% of Superstorm Sandy Claims

  By Arthur D. Postal, PropertyCasualty360.com  |  April 22, 2013

  Superstorm Sandy is now the third costliest storm in U.S. history, the Insurance Information Institute says.

• Allstate Expects Q1 Catastrophe Losses of About $360M

  By Chad Hemenway, PropertyCasualty360.com  |  April 18, 2013

  The Northbrook, Ill.-based insurer says it incurred pretax catastrophe losses of $198 million for the month of March.

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  Large Spring Storm System Brings Damaging Weather to Multiple Regions

  By Phil Gusman, PropertyCasualty360.com  |  April 12, 2013

  A large storm system brought a variety of weather conditions across the United States this week, killing at least three people and injuring dozens of others. Click to see damage in some of the affected states and for more information on the storm system.

• Progressive Q1 Net Income Up 20%; Hailstorms Affect March Results

  By Chad Hemenway, PropertyCasualty360.com  |  April 11, 2013

  Progressive Corp. says first-quarter net income increased 20 percent despite a slight drop in net income in March, compared to a year ago.

• NIMA Offering States Limited 'Associate Membership' at No Cost

  By Elizabeth D. Festa  |  April 10, 2013

  The Nonadmitted Insurance Multistate Agreement is now offering states an associate membership at no cost for one year, banking on the prospect that states will see that they are leaving money on the table, and join up.

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  Mississippi Jury Finds State Farm Defrauded NFIP After Katrina

  By Chad Hemenway, PropertyCasualty360.com  |  April 9, 2013

  A federal jury in Mississippi finds State Farm committed fraud against the government’s National Flood Insurance Program by submitting a false or fraudulent flood claim following Hurricane Katrina.

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  Claims Counts, Payments Rising from Mississippi Hailstorm

  By Anya Khalamayzer, PropertyCasualty360  |  April 8, 2013

  Insurers have paid more than $25 million in claims from a March 18 hailstorm in Mississippi.

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  Judge: No Plot to Defraud NFIP by State Farm; Jury to Deliberate Other Charges

  By Chad Hemenway, PropertyCasualty360.com  |  April 8, 2013

  A federal judge in Mississippi has dismissed a part of a claim brought by two former independent insurance agents accusing State Farm of defrauding the federal government with two engineering firms.

• March Came and Went Like a Lion for Global Insurers

  By Mark E. Ruquet, PropertyCasualty360  |  April 5, 2013

  March turned out to be a very costly month globally, as late winter weather caused billions of dollars in economic losses worldwide.