The board of Louisiana’s “last resort” homeowners insurance company wants to quiz the legislative auditor over a $480,000 price tag for a review of the firm’s 2008 finances. The governing board of Louisiana Citizens Property Insurance Corp. has asked chief …
Louisiana Insurance Commissioner Jim Donelon says that he’ll support legislation to give the state’s “insurer of last resort” immunity against certain lawsuits, a proposal that could retroactively negate the firm’s payout if it loses its appeal of a $95 million …
Louisiana’s state-backed property insurance company will probably seek another rate hike for next year, roughly a 10 percent statewide average increase, on top of this year’s 7 percent increase, the firm’s chief executive said. Louisiana Citizens Property Insurance Corporation CEO …
The Louisiana House of Representatives has approved a measure that would allow adult motorcyclists to ride without helmets, so long as they have health insurance and $100,000 in liability insurance coverage. The House voted 64-33 to repeal Louisiana’s current requirement …
A Louisiana House committee has challenged Gov. Bobby Jindal’s anti-tax stance, approving what amounts to a tax hike on Louisiana homeowners: a proposal to increase an existing fee added to insurance bills. The fee increase would produce $1.25 million to …
The former chief of Louisiana’s state-backed insurance company has pleaded not guilty in a criminal case that accuses him of fraudulently spending the firm’s money for personal travel and entertainment. Terry Lisotta was arraigned Feb. 2 in Baton Rouge on …
Louisiana homeowners stunned by their rising insurance rates should remember that it could be worse. They could live in Florida. State Farm announced recently that it will stop doing business in Florida, the first big firm to follow through on …
The former chief of Louisiana’s state-backed insurance company was booked on 14 counts of theft and released from custody on bond, as he prepares to fight allegations that he fraudulently spent about $30,000 of the firm’s money for personal travel …
The former chief executive at Louisiana’s last-resort insurance company “extravagantly” overspent the firm’s money, with over $100,000 in questionable expenses including first-class airfare, expensive meals and LSU football tickets, state auditors said in a report released Nov. 10. But a …
Key Louisiana lawmakers plan to challenge property insurers by trying to limit the special deductibles they can impose when homes are damaged by tropical storms and hurricanes. The so-called “named-storm” deductibles, of up to 5 percent, are the norm in …
