Nyce, – SKN
1) NCIGF Staff
2) State Association Managers
3) State Claims Managers
4) State Boards
5) 1992 Professionalism Survey
Uniformity – has been a problem, but the following have been achieved:
1) Adoption (52 Jurisdictions)
2) Covered Lines – as described by NAIC Model.
3) Maximum Benefits – 75% matched or exceeded the $300K in max benefits.
4) Workers Compensation – about 93% adopted approach of no limits.
5) Unearned Premium – 82% adopted cvg => that of NAIC Model.
6) Covered Insurers – according to NAIC Model.
7) Non-Economic Losses (48 Jurisdictions) – 92% cover these losses.
8) UDS – this NAIC data transmission format between associations and receivers was adopted by every state.
But Was It a Good Test? – yes
Marshall/Neal, “Troubled Waters in Mississippi, The Homeowners Market and the Attorney General Lawsuit,” Nov 2006 – SKN (note – not responsible for quantitative data in Introduction, Mississippi Damage, Analysis of MI HO Insurance Market sections.)
The State of Mississippi versus Mississippi Farm Bureau Insurance et al.
Analysis of the Issues from an Insurance Perspective
HO 3 – Special Form
Wind Coverage under the HO 3
Limited Water Damage Coverage under the HO 3
Water Damage and Concurrent Cause Exclusions
Other Concurrent Cause Exclusions
Efficient Proximate Cause
Flood Insurance Policy
Analysis of the Issues from a Legal Perspective
Analysis of the Mississippi Homeowners Insurance Market
The Primary Market
The Residual Market
Impact of the Attorney General Lawsuit on the Mississippi Insurance Industry
Impact on Homeowners Rates
Impact on the National Flood Insurance Program
Abrogation of the Insurance Contract
State Regulatory Authority Compromised