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News  |  Magnolia Tribune  • 
December 10, 2009

Chaney defends rate hike

Chaney defends rate hike Mississippi Insurance Commissioner Mike Chaney said he was not happy about granting a 19.5 percent homeowners rate increase to State Farm, but he had little choice. “Would you want me to have 26,000 policies canceled on the Gulf Coast with nobody to write coverage for those 26,000 people?” Chaney asked. He…
News  |  Magnolia Tribune  • 
December 10, 2009

Obama aide: Money wrong merger motive – “Greatness” should be goal

Obama aide: Money wrong merger motive – “Greatness” should be goal “I don’t have an instantly negative attitude toward mergers,” John Wilson Jr. said Tuesday. “But greatness has to be the result, and here it appears the motivation was financial.” Wilson, who was appointed executive director of President Barack Obama’s HBCU initiative in July, held…