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Katrina's impact on insurance rippling northward from Coast.

Publication: Mississippi Business Journal
Publication Date: 22-JAN-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Katrina's impact on insurance rippling northward from Coast.(Banking & Finance)

Article Excerpt
You can't get much farther away from the Gulf of Mexico and still be in Mississippi than you can in Corinth.

And, now, nearly 18 months after Hurricane Katrina surged ashore in the southernmost reaches of the state, ripples from that storm are being felt in Corinth and other distant locales.

"We're seeing rates going up," declared Rick Miller, owner of Miller Insurance Agency in Corinth. "Companies are getting very restrictive about what they'll write."

One of his main underwriting companies, "very receptive to almost any homeowner insurance last year," has decided not to renew its existing policies and is not writing anymore.

"It's affecting my business, creating problems for us," Miller said. He's...

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