Louisiana News

Ratings of Louisiana-Based Imperial Fire and Casualty Upgraded

A.M. Best removed from under review with positive implications and upgraded the financial strength rating (FSR) to A- (Excellent) from B+ (Good) and the issuer credit rating (ICR) to “a-” from “bbb-” of Imperial Fire and Casualty Co. in Opelousas, …

State Farm Increases Hurricane Deductible in Louisiana to 5%

One month into the hurricane season, State Farm’s 308,000 Louisiana homeowner’s customers are confronting an unpleasant change: their policies now include a mandatory 5 percent hurricane deductible. State Farm spokesman Gary Stephenson tells The Advocate the hurricane deductible was included …

Louisiana’s Calcasieu Parish to Pass School Athletic Insurance Costs to Parents

The Calcasieu Parish School Board has voted to eliminate the district’s student athletic insurance policy because of rising premium costs and budget constraints. The Calcasieu Parish School Board has voted to eliminate the district’s student athletic insurance policy because of …

Louisiana Won’t Disclose Oil Train Transport Records

Louisiana officials are refusing to disclose the details of crude oil shipments railroads haul through the state. The state Department of Public Safety and Corrections says the information freight railroads are required to provide to Louisiana is considered confidential. Louisiana …

Risk Management Privatization Saves $16M in Louisiana, Audit Shows

A new audit says Louisiana has saved nearly $16 million in the first three years of a privatization contract for the Office of Risk Management, the state’s self-insurance agency. Gov. Bobby Jindal’s administration hired Mandeville-based F.A. Richard and Associates in …

All Risks Taps Julien as California Workers’ Comp Underwriter

Danielle Julien has been hired by wholesaler All Risks Ltd. as a workers’ compensation brokerage underwriter located in San Diego, Calif. Julien will write workers’ compensation business with retail agents in California, Arizona and Nevada. Julien has eight years of …

Louisiana River Boat Parade Back On, Town Taking Responsibility

The False River Fourth of July Boat Parade in Louisiana is back on after event organizers feared they would have to cancel it this year. New Roads Mayor Robert Myer told The Advocate the city is stepping in to take …

Purchase Brings Ratings Review of Louisiana’s Imperial Fire and Casualty

A.M. Best has placed under review with positive implications the financial strength rating (FSR) of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of Imperial Fire and Casualty Insurance Company (Imperial) of Opelousas, La. The under review with positive implications …

Louisiana City Enforcing Junked Vehicles Law

Lafayette, La., police are once again enforcing a law against rusting and broken-down vehicles. The move comes seven years after a lawsuit put the anti-blight effort on hold and forced a reworking of the city’s junked vehicle ordinance. Police Chief …

Louisianans to Have 6-Year Span for Driver’s License Renewal

Louisiana will have a six-year driver’s license. Currently, drivers must renew their licenses in the state every four years. A bill by Republican Sen. Dan Claitor, of Baton Rouge, changes the renewal period to six years. Gov. Bobby Jindal signed …