Tuesday, January 10, 2023

Insurance Department Returns over $7 Million to Consumers

 Insurance Commish Mike Chaney issued the following statement. 

The Mississippi Insurance Department (MID) Consumer Services Division recovered more than $7.3 million for consumers in 2022 – a nearly 90 percent increase over money recovered in 2021.

“My staff recovered over $3 million more in 2022 than in 2021,” said Insurance Commissioner Mike Chaney. “Every penny counts. I want to make sure that Mississippians are well taken care of. They should get what they paid premiums for and what they deserve.”

Consumer Services helps consumers with complaints regarding insurance companies, producers, and adjusters. In many of these cases, benefits were not paid in full or not paid at all. The division handled nearly 1,200 complaints in 2022.

“The increase can be attributed in part to more complaints and inflation,” said Chaney. “We also recovered several lost life insurance policies valued at more than $100,000 each. Inflation may have caused some of the cost to balloon – especially when you consider areas like homeowners insurance, auto and fire recovery.”


Anonymous said...

Hello Kingfish. I wonder how many of our 350,000 uninsured motorists benefitted from Cheney's hard work. There are still zero teeth in the law requiring auto liability insurance.

Anonymous said...

Taking someone’s life insurance policy proceeds? That doesn’t sound right. 10 years ago that is. Now anything goes

Anonymous said...

I have had 2 fender bender accidents in the past 3 years in the city of Ridgeland. Fortunately, neither was my fault. Unfortunately, neither driver had liability insurance. Ridgeland police investigated both accidents. Neither driver received a ticket for not having insurance.

Anonymous said...

Close the loophole all of the crooked "home warranty" companies use to avoid regulation and watch that number triple.

Anonymous said...

Recovered ???

Probably wasn’t owed.

Government extortion of taxpaying insurance business

Anonymous said...

5:52. I believe that statement meant they found the rightful beneficiaries for those policies..

Anonymous said...

6:47. Agree completely. It's not just Ridgeland but everywhere in the state. A No Insurance ticket leads to Suspension until proof of Insurance is shown. There are also many tickets for No DL and Driving Suspended and then the driver is allowed to drive off in violation of 63-1-63 and usually numerous times. It's all a joke unless we start impounding vehicles and not releasing them until proof of insurance and obtaining a legal DL is shown and arresting drivers with no Suspended/DL.


Anonymous said...

Mississippi's lax uninsured motorist laws and enforcement is one of the reasons that our auto insurance is so expensive. If we would have filings and mandatory insurance on file with the state, like in other states, to have current insurance to keep your drivers license and tag current, our rates would go down. But, we run the risk of offending the perpetually offended who typically try and game the system. Uninsured and underinsured accidents make up a large portion of the auto losses in this state.

Anonymous said...


Never have understood how a MS License tag and renewal of a tag can be done without a valid drivers license. Many illegal alien drivers have vehicles with good tags and insurance, but no license. Most cops I know don't want to appear racist by ticketing them.

Anonymous said...

Here's the other side of the UM coin: Frankly, insurance is a financial product, designed to protect assets. It's really not a product for poor people. It will be very politically unpopular to impound poor peoples' autos and charge them a ransom. Uninsured Motorists Protection is still pretty cheap, and I say, buy all you can. Usually, those limits are equal to the Liability limits. If your policy doesn't have UM limits equal to your liability limits, you are providing more coverage for others, than for your own family. Prove me wrong!

Anonymous said...

7.3 m
was this amount returned or put in the petty cash fund ?

Anonymous said...

9:30 PM doesn't get it. The Department operates using its legal powers. It does not have the power to demand claim payments that are not owed. So your ignorance is made apparent by your potty attitude.

Also if a life insurance policy claim was paid more than one day after the death of the insured person, which is ALWAYS the case because death certificates are not created instantly, the life insurance company is required by law to pay interest from the date of death.

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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).

Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.

In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS