Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Former Louisiana Citizens CEO Gets 30-Month Jail Sentence
Apr 26 2010 // The former chief executive at Louisiana’s state-run insurance company has been sentenced to 30 months in prison for improperly spending more than $29,000 of the company’s money on lavish meals, trips, sports...
Tornadoes Rip Southern States; 10 Dead; 1,000 Homes Destroyed
Apr 26 2010 // Dozens of tornadoes left a path of destruction more than 50 miles long throughout the southern U.S.—including Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee—over the weekend. Ten people were...
Louisiana Bill Would Ban Insurance Cancellations Due to Chinese Drywall
Apr 23 2010 // A prohibition against insurance companies dropping coverage for homes or businesses that contain corrosive, Chinese-made drywall has advanced in the Louisiana Senate. The bill by Sen. Julie Quinn, R-Metairie, would bar...
Appeals Court Tosses $35M Louisiana Citizens Settlement
Apr 23 2010 // The 4th Circuit Court of Appeals tossed out the $35 million settlement of two class action lawsuits against Louisiana Citizens Property Insurance Corp., saying the deal was not fair to some policyholders. The appellate...
Surplus Lines Rate, Form Filing Exemption Bill Passes Louisiana House
Apr 22 2010 // Louisiana House Bill 285 by Rep. Pearson, which exempts surplus lines from filing rates and forms, has passed the state’s House of Representatives. According to David Tatman, a representative for the Louisiana...
Louisiana Bill Would Limit Liability of Mardi Gras Float-Builders
Apr 20 2010 // A bill passed by the Louisiana House to limit the liability of float-builders would damage future attempts for float riders or watchers to sue when parade festivities hurt or kill someone, says a man whose brother died in...
State Farm Sues TDI; Files to Increase Homeowners Rates in Louisiana
Apr 19 2010 // State Farm Fire and Casualty Co. filed a lawsuit against the Texas Department of Insurance after the state agency took the unprecedented move of publicizing on its Web site recent rate hike proposals by the...
Louisiana Court: Policy Exclusions Can’t Be Used to Deny Drywall Claims
Apr 19 2010 // A Louisiana court has rebuffed an insurer’s use of the pollution exclusion and two other exclusions in an “all risk” homeowners insurance policy to deny claims resulting from Chinese...
Louisiana Citizens OKs 7% on Average Residential Rate Hike
Apr 19 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average 7 percent statewide. Rate increases — as well as decreases — will vary widely, especially in...
Bill Targeting New Orleans Saints Workers’ Comp Issues Expanded
Apr 19 2010 // An attempt by the New Orleans Saints to lower its workers’ compensation costs for injured players has mushroomed into an issue that would apply to all businesses and employees in Louisiana. The Saints were pushing a...
Louisiana Hurricane Researcher and Corps Critic Fails to Win Job Back
Apr 15 2010 // A federal judge refused to immediately reinstate Louisiana State University hurricane and coastal researcher Ivor van Heerden, who was stripped of most of his duties last year. Van Heerden claims he is losing his job...
Louisiana Workers’ Comp Corp.’s ‘A’ Rating Reaffirmed
Apr 13 2010 // A.M. Best Company has reaffirmed for 2010 the financial strength rating of “A” (Excellent) Louisiana Workers’ Compensation Corp. This is the ninth consecutive year that LWCC has received the...
Florida Chief McCarty: Facts, Not Fear, Should Guide Insurance Debate
Apr 12 2010 // Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of...
Federal Judge in New Orleans Awards $2.6M in Chinese Drywall Case
Apr 8 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to the plaintiff’s homes as a result of the installation of substandard drywall...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Louisiana Bills Would Ban Insurance Cancellations from Drywall
Apr 5 2010 // Two bills that would prohibit property insurance companies from canceling policies or raising rates on homeowners who make damage claims stemming from corrosive Chinese drywall were proposed in Louisiana in advance of the...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Louisiana Citizens Insurance OKs 7% on Average Rate Hike
Apr 5 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average7 percent statewide. However, rate increases – as well as decreases – will vary widely,...
Business Moves
Apr 5 2010 // 21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from...
Arrested Texas Bond Company Owner Cited in Louisiana Case
Apr 2 2010 // A 41-year-old Fort Worth man arrested in March owns the bonding company that cost the New Orleans-based low bidder a contract to build a new $35 million terminal at Monroe Regional Airport. George Douglas Black Sr. was...
