Louisiana News

Balvin Joins Louisiana-Based Specialty Risk Associates

Specialty Risk Associates Inc., based in Shreveport, La., announced that Genie Balvin joined the firm as a commercial lines renewal underwriter. Prior to joining Specialty Risk, Balvin worked as a property/casualty field adjuster, a commercial lines CSR and as an …

Bank Customer Car Burglary Ring Busted in Louisiana

Police in Lake Charles, La., say they have broken up a crime ring that would scout banks for people leaving with money, follow them, then burglarize their unattended vehicles. The American Press reports Lake Charles Police Chief Don Dixon discussed …

Louisiana Audits Find $31M in Unclaimed Life Insurance

State Treasurer John Kennedy says audits of life insurance company policies have uncovered more than $31 million in unclaimed property for beneficiaries in the past eight years. The Treasury Department discovered the benefits after comparing the outstanding policies of a …

Flood-Control Canal-Widening Completed in Southern Louisiana

A project to help reduce flooding in much of northern Terrebonne Parish in Louisiana is finished. Officials expected to pay more than $1 million to clean and widen a major drainage canal in Gray. The job came in about $98,000 …

Brown & Brown Subsidiary Acquires Hall-Wright General Agency

Brown & Brown Inc., through its subsidiary, Texas Security General Insurance Agency Inc., has acquired Hall-Wright General Agency Inc. (Hall-Wright) and related affiliate companies. With origins dating back to 1971, Hall-Wright is a managing general agency with annual revenues of …

Initial Unemployment Claims Rise in Louisiana

The state labor department says first-time claims for unemployment insurance in Louisiana for the week ending Dec. 20 increased to 2,531 from the previous week’s total of 2,506. For the comparable week a year earlier, there were 2,578 initial claims, …

Louisiana Needs More Electricity For Industrial Boom: Utility

The state’s largest utility needs to come up with more power before the end of 2016, and then find even more by the end of 2019 to meet the demands of Louisiana’s ongoing industrial boom. That likely means building power …

3 Sentenced in Louisiana Auto Insurance Fraud Scheme

United States Attorney Stephanie A. Finley announced three defendants in an insurance fraud scheme recently received prison sentences. Additionally, one of them was ordered to pay more than $190,000 for staging automobile accidents in order to collect insurance payments. Oliver …

Louisiana Auditor: Work Needed Still on Tracking Hurricane Aid

Louisiana has a long way to go to make sure that more than a billion dollars in housing aid has been used properly by the thousands of people who got federal help from the catastrophic 2005 hurricane season, according to …

Policyholder Dividend Approved for Louisiana’s LAMMICO

Louisiana-based medical professional liability insurer, LAMMICO, announced that its board of directors’ Dec. 10 declaration of a dividend has been approved by the Louisiana Department of Insurance. This marks the eighth time since 2008 that LAMMICO has authorized the payment …