Consumer Alerts

Consumer Alerts

Use the index below to go directly to a particular alert on this page:


Millons of Dollars Returned from Workers' Compensation Risk Pool - December 2019

JACKSON, Miss. – An excess of funds in the Workers’ Compensation Assigned Risk Pool will be returnedto carriers.
More than $14.6 million, collected between 1997 and 2015, will be returned to workers’ compensation carriers. The funds are in excess of what’s needed to pay the losses and other expenses of certain policy years.

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Understand Your Insurance Coverage to Prevent Holiday Mishaps - December 2019

JACKSON, Miss. – This year, before family and friends gather to celebrate the season, take some time to review for potential holiday mishaps and understand how your insurance might apply.

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Start the New Year Off Right, Avoid Firework Injury - December 2019

JACKSON, Miss. – Commissioner of Insurance and State Fire Marshal Mike Chaney wishes everyone a Happy New Year. “I hope all Mississippians will begin 2020 safely, by carefully using fireworks,” Chaney said. “Anyone choosing to handle fireworks this holiday needs to use caution. That’s especially important if young children are around, as they are often more likely to get hurt.”

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Renting Your Home? Protect Your Belongings with Renters Insurance - January 2020

If you are renting your home you might think, “Why do I need insurance?” – since the landlord is responsible for problems
with the building. But personal belongings damaged or stolen from the home will not be covered by a landlord or property
management company’s insurance policy – leaving you with the loss should anything happen to your possessions.

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Searching for a Homeowners Insurance Policy? Tips to Get the Most Value - January 2020

It's important to review your homeowners insurance coverage every year. Make sure it includes any remodeling,
the addition of expensive new personal property (such as jewelry or electronics), the installation of security equipment
or other changes that might impact your policy.

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Does your vehicle have the right protection? Best practices for buying auto insurance - February 2020

From cavemen to geckos, you have probably seen dozens of ads for auto insurance, but do you know what to consider when
buying a policy? It's important to understand what your insurance will cover and how to protect yourself.

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Want Your Auto Insurer to Track Your Driving? Understanding Usage-Based Insurance - February 2020

Imagine a world in which your auto insurer installs a device in your vehicle to monitor your driving. The insurance company receives data on your driving which, in turn, helps to determine the amount you pay for coverage. This is a reality today for some—it’s called usage-based insurance (UBI) or telematics and increasing numbers of insurers are offering this option. If you’re thinking of signing up, make sure to thoroughly understand the program, including the pros and cons.

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Buying a Used Car? Get the Facts to Avoid a Flood Damaged Vehicle - February 2020

Finding the right used car can be stressful - and knowing the vehicle history is important. But with the increase in hurricanes and catastrosphic floods across the nation, thousands of submerged vehicles have been sold to consumers.

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Protecting Yourself from the Coronavirus - February 2020

The coronavirus (2019-nCoV) outbreak originating in Wuhan, China has been declared a public health emergency of international concern by the World Health Organization (WHO). Public health officials are leading the work to limit the impact and spread of this infectious disease. The National Association of Insurance Commissioners (NAIC) would like to provide some resources to keep you informed about this developing situation and suggest some simple steps you can take to help reduce the spread of this disease.

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Uber or Lyft? Protect Yourself When Ridesharing - March 2020

Ridesharing services like Lyft and Uber are popular ways to not only get around, but to earn money. Whether you're a passenger hailing a ride, or the driver answering that call, know how it impacts your insurance coverage. Ridesharing uses mobile technology to connect passengers to drivers, usually using their personal car. The app also allows users to get price quotes for their trips, track the driver's location and pay the fare using a credit card on file. These services are provided by transportation network companies (TNCs). Lyft and Uber are the two major TNCs but there are others.

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Coronavirus(COVID-19) Pandemic Information - March 2020

The Offices of the Mississippi Insurance Department are currently closed due to the Coronavirus Pandemic.

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Avoiding COVID-19 Scams - March 2020

During this time of social distancing, people spend more time on their phones and computers for work, school, shopping and entertainment. Cyber criminals take advantage of widespread fear, panic and worry. They may use your extra screen time and time at home as an opportunity.

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Working Remotely During the Pandemic? Follow These Tips to Prevent Injuries While Working from Home - March 2020

If you're suddenly working from home, you may find that you lack the ergonomically designed chair and desk normally found in your office. You may be tempted to work from your kitchen counter, couch or bed. However, those locations are not ideal for maintaining good posture, and they could lead to an increased risk of musculoskeletal disorders. There are a few easy things you can do to maintain proper ergonomics and prevent injuries while working from home.

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Going Green? Make Sure Your Insurance Covers Your Environmentally-Friendly Decisions - April 2020

Recycling, solar panels, hybrid cars and carpooling are more common than ever. But the sustainable actions you are taking \to reduce your carbon footprint might impact your insurance coverage—sometimes saving you money.

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Special Event Insurance: Hunting for an event space? Before you say 'Yes' learn about your insurance options - April 2020

You're in the throes of wedding planning, trying to find the right event space for your special day. Or, maybe you're looking to host that milestone birthday at the perfect venue. Before you sign on the dotted line, know your options if you need to cancel. With many Americans cancelling or postponing their events due to the COVID-19 global pandemic, understanding your coverage is important.

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If a Disability Were to Keep You From Earning a Living, How Would You Pay Your Bills? - May 2020

Many people may not realize their most valuable asset is their ability to work. But if illness or injury left you disabled and kept you from earning a living, how would you pay your bills? According to the U.S. Social Security Administration, more than one in four of today's 20-year-olds will become disabled before reaching retirement age.

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Only 22% of Generation Z Say They Are Prepared to Be Life Insurance Beneficiaries or Know About Life Insurance Claims - June 2020

America's Generation Z—which has grown up as digital natives and is more likely to be engaged in social activism—is less engaged when it comes to life insurance. According to a recent survey from the National Association of Insurance Commissioners (NAIC), only 22% of Generation Z say they are prepared to be a life insurance beneficiary.

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Make a Plan to Reduce Your Flood Risks - June 2020

Homeowners all over the country are constantly faced with risk due to wildfires, floods, tornados, severe storms and other natural disasters. The National Association of Insurance Commissioners (NAIC) is urging consumers to be prepared.

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Top Things Business Owners Should Know About Hurricanes - July 2020

This year's hurricane season began in June. Forecasters predict this season will be more severe than average. Hurricanes can take a huge toll on small businesses if owners aren't prepared. Here are a few facts small business owners should know to protect themselves and recover faster after a flood.

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What is Balance Billing? Knowing the Difference Between In-Network and Out-of-Network Providers Can Help You Avoid It - July 2020

Health insurance can protect against large bills from health care providers, but in some cases, consumers with insurance face sizable bills. According to the Kaiser Family Foundation, in the past two years, 1-in-5 insured adults had an unexpected medical bill from an out-of-network health care provider. Learn what is balance billing and the difference between in-network and out-of-network providers.

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Credit-Based Insurance Scores Aren't the Same as a Credit Score. Understand How Credit and Other Factors Determine Your Premiums - July 2020

In most states, insurers can use your credit-based insurance score to determine your premiums. Your credit-based insurance score is not the same as your regular credit score.
According to FICO, a data and analytics company that measures credit risks, many insurers use credit-based insurance scores in states where it is legally allowed

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Are you the director or officer of an organization? Make sure your organization has the insurance coverage it needs - July 2020

If someone makes a claim against a company, the directors and officers of that company are also typically named in the lawsuit. This is where directors and officers liability policies (D&O insurance) comes into play. D&O policies are designed to protect against personal losses in the event that the covered individuals are personally sued because of their actual or alleged wrongful acts in managing the organization. D&O policies typically cover legal fees and sometimes settlement costs.

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Buying Your Dream Home? Protect Your Property with Title Insurance - August 2020

Purchasing a home is an exciting time for anyone, but that joy can soon fade if problems - such as lost or forged deeds or liens on the property - are revealed. Title insurance can protect buyers.

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Health Insurance Claim Denied? How to Appeal the Denial - August 2020

In times of illness or injury, the last thing you need to worry about is your health insurance coverage. If a health claim has been denied, here are some tips to help you understand what you can do.

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Understanding Your Health Insurance Card - August 2020

Did you know some of the essential information you need to access your health insurance coverage is on your card? It contains the necessary information about your plan and whom it covers.
Health plans usually give you one or two insurance cards. If you don't get an insurance card, after enrolling in a new plan, call your health insurance company. You also may have the option to print a paper copy of your card from your health plan's website.

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Want to Purchase Life Insurance? Here Are Tips to Help You Through the Process - September 2020

We all want to make sure our loved ones are taken care of after we pass. Life insurance can help make sure our families are prepared for financial hardships.

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Do You Know How to be a Life Insurance Beneficiary? - September 2020

Tens of millions of dollars in death benefits go unclaimed each year because beneficiaries lack basic information about their deceased loved one’s life insurance policies. The National Association of Insurance Commissioners (NAIC) wants to help consumers be prepared.

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Understanding Earthquake Deductibles - September 2020

Homeowners and business insurance policies do not cover earthquake damage. You may want to buy an earthquake insurance policy to help decrease financial losses in the aftermath of an earthquake.
When you shop for an earthquake policy, don't forget about the deductible. A deductible is the amount the homeowner is responsible for paying on each claim. The insurer is responsible for the amount greater than the deductible, up to the coverage limit.

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Protect Your Home From Wildfires: Take These Steps to Mitigate Your Risk - September 2020

Wildfires can travel at speeds up to 14 miles per hour. Vegetation loss and erosion from wildfires can even cause flooding, creating problems with transportation, gas, power and communication. But homeowners can reduce their wildfire and flooding risks by "hardening" their homes and creating a defensible space around their homes

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Understand Your Health Plan's Deductible - October 2020

The deductible is the amount you pay before your insurance company starts paying its share of the cost of health care services you receive. Even with insurance, you pay the full cost of services until you meet your plan's deductible. An exception that applies to most plans are preventive services; most plans provide certain screenings and vaccines at no cost to you, whether you've met your deductible or not.

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Understand Your Prescription Benefits - October 2020

Most health plans help pay the cost of covered prescription drugs. Insurers often use a "formulary" that lists what medicines will be covered and how much of the cost you'll pay. If you need a specific prescription, you can review the plan's formulary, a listing of what medications are covered, to learn if the drug is covered. A formulary usually has different tiers based on the type of covered medicine. Prescription medicines listed in one tier may cost you more than those in another tier.

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Enrolling in Marketplace Coverage for 2021 - November 2020

What you need to know for open enrollment season

The open enrollment period for 2021 health insurance coverage through marketplaces and other individual plans is here. The National Association of Insurance Commissioners (NAIC) has what you need to know to enroll.
Consumers in most states use the federal marketplace through Healthcare.gov, and for them, open enrollment runs Nov. 1, 2020 – Dec. 15, 2020. A few states start open enrollment earlier or end later. Check here for state specific information.

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