Latest Louisiana Headlines

Crews Work to Cap New Oil Leak Along Louisiana’s Coast

Jul 29 2010 // Crews are working to cap a new oil leak in a Louisiana coastal inlet after a barge slammed into an abandoned well on July 27, sending a shower of water, natural gas and oil spewing about 100 into the air. Emergency...

New BP CEO Dudley: Gulf Disaster a ‘Wake Up’ Call to Prioritize Safety

Jul 28 2010 // BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who...

$264K Proposed as Compensation for New Louisiana Citizens CEO

Jul 28 2010 // A committee of the Louisiana Citizens Property Insurance Corp. board has recommended a compensation package of $264,000 annually for the insurer’s next chief executive. The full board of the property insurer of last...

BP Claims Fund On Alert for Phonies While Cutting Red Tape

Jul 27 2010 // Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece of the $20 billion BP Plc has set aside to compensate residents for spill-related losses. Adjusters passing out emergency...

Robertson Picked to Head Louisiana Citizens Property Insurance Corp.

Jul 26 2010 // Louisiana Insurance Commissioner Jim Donelon announced July 23 that he has appointed Richard Robertson, of Northville, Mich., as the new president of Louisiana Citizens Property Insurance Corp. Robertson has a broad-based...

Louisiana Workers’ Compensation Corp. Promotes Buffone, White

Jul 23 2010 // Louisiana Workers’ Compensation Corp. (LWCC) has promoted two key executives. Paul Buffone is now senior vice president of Risk Management Services, and David T. White is now vice president of Internal Audit. Buffone...

Louisiana Citizens Enacts Binding Restrictions in Advance of TS Bonnie

Jul 23 2010 // The Louisiana Citizens Property Insurance Corp. has announced that as a result of Tropical Storm Bonnie, personal lines binding restrictions are in effect for following parishes: Acadia, Assumption, Calcasieu, Cameron,...

Louisiana Workers’ Comp Rates Decreasing Again

Jul 22 2010 // Rates for workers’ compensation insurance continue to decrease in Louisiana based on a recent report from the National Council on Compensation Insurance (NCCI), according to Louisiana Commissioner of Insurance Jim...

Louisiana, Texas Gain Jobs in June; Arkansas, Oklahoma Post Losses

Jul 21 2010 // The South Central states of Louisiana and Texas posted job gains for the month of June, but Arkansas and Oklahoma saw slight losses in employment. The Louisiana Workforce Commission reported Louisiana’s seasonally...

Louisiana Insurance Commissioner: Legislative Session Successful

Jul 20 2010 // Louisiana Commissioner of Insurance Jim Donelon reports that the recent state legislative session was successful for insurance bills, as far as the Louisiana Department of Insurance is concerned. A large number of bills in...

Analysis: Perfect Storm Brewing for Louisiana Economy

Jul 20 2010 // In the blink of an eye, the economic focus in Louisiana has shifted from recession recovery to avoiding actual and potential job losses piling up at a staggering rate. And there’s very little that the state can do:...

Louisiana Officials ‘Cautiously Optimistic’ About BP Well Cap

Jul 19 2010 // Louisiana Gov. Bobby Jindal, U.S. Sen. Mary Landrieu, D-La., and U.S. Congressman Charlie Melancon, whose district has been severely affected by the BP oil well spill, are “cautiously optimistic” about reports...

Alabama Insurance Regulator Rejects Offer to Run Louisiana Citizens

Jul 15 2010 // An Alabama insurance regulator has turned aside an offer to become head of Louisiana’s property insurer of last resort. The Louisiana Department of Insurance says Charles Angell has decided to stay in Alabama. He had...

Louisiana Governor Signs Ban on Chinese Drywall Cancellations

Jul 12 2010 // Louisiana Gov. Bobby Jindal has agreed to ban insurance companies from dropping coverage of homeowners who have found corrosive Chinese drywall in their homes. Jindal’s office announced that the governor has signed...

Louisiana Agent Accused of Misappropriating Premium

Jul 8 2010 // A West Monroe, La., agent has been served by Department of Insurance Fraud Section Investigators with a cease and desist order, a summary suspension order and fine notice for alleged misappropriation and...

Wortman Retiring as CEO of Louisiana Citizens Property Insurance Corp.

Jul 6 2010 // John Wortman, CEO of Louisiana Citizens Property Insurance Corp. (Citizens), the state’s property insurance of last resort, has announced plans to retire. “John Wortman has been a tremendous asset to Louisiana...

Louisiana AG to Feinberg: Keep State in the Loop

Jul 5 2010 // While the claims process related to the BP oil spill may be improving, Louisiana Attorney General Buddy Caldwell still wants to keep tabs on it. A Louisiana district court judge in June approved Caldwell’s request to...

Jul 5 2010 // 77.2% In most hurricane-prone states, homeowners have few choices for insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss...

Bad Weather Hinders BP Oil Cleanup; Oil Invades More Wetlands

Jul 2 2010 // Tropical storm Alex slowed oil spill clean-up and containment work in the Gulf of Mexico and drove more petroleum into fragile Gulf wetlands and beaches Thursday, with any permanent fix to BP Plc’s ruptured deep-sea...

FARA Insurance Services Adds Pinac to Senior Management Team

Jul 1 2010 // FARA Insurance Services, a Mandeville, La.-based provider of claims administration and risk management solutions, has added Cherie Arceneaux Pinac to its senior management team. Pinac will serve as vice president for...