Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Louisiana Citizens Insurance Board Approves Borrowing $100M
Mar 18 2013 // Louisiana Citizens Property Insurance Corp.’s board has voted to borrow $100 million through bonds to cover a $70 million shortfall – in direct defiance of the wishes Gov. Bobby Jindal’s...
Louisiana Citizens Property Insurance Corp. CEO Retiring
Mar 14 2013 // Louisiana Citizens Property Insurance Corp. CEO Richard Robertson says he plans to retire June 1. Robertson told The Advocate he will return to Michigan. He had been general manager of Michigan Basic Property Insurance...
Louisiana Governor: Texas Brine Agrees to Sinkhole Buyouts
Mar 14 2013 // Louisiana Gov. Bobby Jindal says a Texas company blamed for the sinkhole that formed after the collapse of an underground salt cavern has agreed to provide settlement offers, which include buyouts, to the residents of the...
Copper Thieves Hit Substations in Louisiana’s Union Parish
Mar 13 2013 // Union Parish, La., sheriff’s deputies and Marion police are investigating the theft of a large amount of copper wiring from a substation owned by Claiborne Electric Co. Deputies say a large amount of copper was...
People – South Central
Mar 11 2013 // Dallas-based managing general agency, Arcana Insurance Services, named Gary Kirkindoll as chief business development officer. Kirkindoll will oversee development of the company’s customer base in the credit union...
Activist Brockovich to Speak with Residents Near Louisiana Sinkhole
Mar 7 2013 // Environmental activist Erin Brockovich and a California attorney hired by a group of Assumption Parish, La., residents are coming to Pierre Part to discuss the legal options for residents evacuated from the Bayou Corne...
Audit Outlines Trouble with Louisiana’s $75M ‘Katrina Cottages’ Program
Mar 6 2013 // Louisiana’s $75 million “Katrina cottages” program took years longer than expected to build homes for hurricane-displaced residents and paid significantly more per house than similar nonprofit programs,...
Toffoli, Ruiz and Jones Join Access Home Insurance Co.
Mar 5 2013 // Baton Rouge, La.-based Access Home Insurance Co. (Access Home) announced that Michael Toffoli, Rusty Ruiz and Kerri Jones have joined the company as executive vice president, Louisiana marketing representative and South...
Louisiana Commissioner Praises Court Ruling on Emergency Rule
Feb 28 2013 // Louisiana Commissioner of Insurance Jim Donelon announced he is pleased that the 19th Judicial District Court has upheld an emergency rule put in place during Hurricane Isaac and his authority to do so during catastrophic...
Louisiana Workers’ Comp Corp. Policyholder Dividend Largest-Ever
Feb 27 2013 // Louisiana Workers’ Compensation Corp. (LWCC) has declared a 2012 dividend of $48.7 million, the company’s largest dividend ever. It will be paid to qualifying policyholders in March and April, bringing...
Opening Arguments in BP Oil Spill Trial Seek to Assess Blame
Feb 26 2013 // A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and spilled 4 million...
Ratings Recap: Nat’l. Interstate, Best Meridian, SC Farm, Fireman’s Fund La.
Feb 25 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” of National Interstate Corporation (NATL), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of...
BP Balks at Oil Spill Monies Sought by States
Feb 25 2013 // BP Plc has tallied up claims made by states and local governments on the U.S. Gulf Coast for economic and property damages from the Macondo oil spill, and come up with a figure of $34 billion, which it deems...
Louisiana Drunk Driver Program Linked to Scandal, Disbanded
Feb 22 2013 // A program that allowed some drunken drivers in Louisiana to wipe their records clean in near-record time has been halted after Lafayette judges balked at continuing the program amid an ongoing federal bribery...
Barring Last Minute Deal, Gulf Oil Spill Trial to Get Underway Monday
Feb 21 2013 // Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court. The...
Louisiana Property Owners Urged to Claim Citizens Assessment Rebate
Feb 21 2013 // Nearly two-thirds of Louisiana Citizens Property Insurance Corp. (Citizens) rebates that are available to policyholders are unclaimed, according to state Insurance Commissioner Jim Donelon. Donelon and Department of...
Former Louisiana Deputy Insurance Commissioner Joins Adams and Reese
Feb 19 2013 // Clarissa A. Preston, former head of the Office of Consumer Advocacy for the Louisiana Department of Insurance and the department’s first deputy commissioner, has joined the law firm of Adams and Reese in its Baton...
Louisiana’s Assumption Parish Sinkhole Gets Bigger
Feb 15 2013 // The sinkhole in northern Assumption Parish, La., continues to grow. John Boudreaux, director of the Assumption Parish Office of Homeland Security, tells The Advocate roughly 5,000 square feet of land sloughed off into the...
Farmers Insurance Pulling Out of Louisiana
Feb 11 2013 // Farmers Insurance Exchange, which has around 23,000 homeowner and 7,000 auto policies in Louisiana, is dropping those lines of business in the state, but a company spokesman said Friday it will retain more than 100,0000...
Residents Say Insurance Canceled Over Louisiana Sinkhole
Feb 7 2013 // The Louisiana Department of Insurance is investigating reports that insurers are not renewing homeowner’s policies of residents evacuated due to the large sinkhole in Assumption Parish. Insurance Commissioner Jim...
