Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Overlooked Heavy Construction Segment Includes Significant Small Firm Opportunity
Jun 16 2008 // Louisiana, Washington Rank High for Heavy and Civil Engineering Construction Business Within the broader construction industry sector, heavy and civil engineering construction (NAICS 237) is an often overlooked segment....
Private Firms Take Homeowners Policies From Louisiana Citizens
Jun 13 2008 // Private insurers are taking more than 26,000 homeowners policies from Louisiana’s state-backed insurance company in return for millions in taxpayer money, Insurance Commissioner Jim Donelon said. Donelon credited...
Louisiana Gauging Interest in Home Elevation Grants
Jun 12 2008 // Louisiana residents who have applied to the state’s Road Home program have until June 16 to return forms indicating whether they’re interested in receiving grants to elevate homes they’re rebuilding after...
Louisiana House OKs Bill on Regional Storm Deductibles
Jun 12 2008 // Insurance companies should be allowed to adjust their so-called “named storm” deductibles on homeowner policies, depending on properties’ distance from the hurricane-prone Gulf of Mexico, according to a...
Delegation from Louisiana to Visit North Dakota to Share Disaster Lessons
Jun 10 2008 // A delegation from St. Bernard Parish in Louisiana is to visit the Grand Forks area this week to share disaster lessons. St. Bernard Parish President Craig Taffaro is to lead the delegation of about a dozen people in...
Federal Appeals Court Takes on Louisiana’s Case Against Insurers
Jun 6 2008 // A federal appeals court agreed to hear a lawsuit that Louisiana’s former attorney general filed against some of the nation’s largest insurance companies after Hurricane Katrina. The 5th U.S. Circuit Court of...
State Farm Dropping Auto Rates in Louisiana by 2.5%
Jun 5 2008 // State Farm insurance says it’s lowering auto coverage rates in Louisiana by an average of 2.5 percent at the end of June. The company says that represents an annual savings of $22.4 million to its customers. State...
La. Train Derailment Highlights Need for Safety Measures
Jun 3 2008 // More than 3,000 residents of Lafayette, La., were evacuated May 17, 2008, when a train derailed, spilling 10,000 gallons of hydrochloric acid. The Associated Press reported that the wreck spread a toxic cloud over...
Southwest La. Couples Lose Appeal in Valued Policy Law Case
Jun 2 2008 // A federal appeals court says people whose houses were destroyed by Hurricane Rita’s wind and floods cannot make insurance companies pay the full value of their policies. The 5th U.S. Circuit Court of Appeal upheld a...
Louisiana Minimum Auto Insurance Bill Stalls in Senate
Jun 2 2008 // A bill that would raise mandatory minimum auto insurance levels stalled in a Senate committee when its chairman declined to break a tie vote. Louisiana law now requires car and truck owners to have “10-20-10”...
Ratings Recap: Safe, Philadelphia, Premier, Starr Indemnity, Hanover, LUBA, Premier, American Underwriters
Jun 2 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of Safe Insurance...
Louisiana Train Derailment Highlights Need for Railroad Safety Measures
Jun 2 2008 // Lafayette incident notwithstanding, rail accidents down nearly 25 percent nationally More than 3,000 residents of Lafayette, La., were evacuated May 17, 2008, when a train derailed on a bridge, spilling 10,000 gallons of...
Fraud fight up against budget shortfalls
Jun 2 2008 // But Southeast states show some progress, with auto ‘give-ups’ among the targets Budget shortfalls have slowed the progress of fraud bills in many states around the U.S. while lawmakers feverishly work to find...
Louisiana House OKs Car Insurance Hike
Jun 2 2008 // Louisiana’s House of Representatives voted May 19 to raise the minimum level of required automobile insurance, an increase that would mean higher insurance costs for over 1 million motorists. Supporters of raising...
Louisiana Train Derailment Highlights Need for Railroad Safety Measures
Jun 2 2008 // Lafayette incident notwithstanding, rail accidents down nearly 25 percent nationally More than 3,000 residents of Lafayette, La., were evacuated May 17, 2008, when a train derailed on a bridge, spilling 10,000 gallons of...
Credit Woes May Cause Turbulence in Catastrophe Markets
Jun 2 2008 // Florida, Louisiana and Texas may be most at risk The credit crunch in the U.S. financial markets that boiled over due to the subprime mortgage meltdown may affect the ability of insurers and reinsurers that cover coastal...
La. Supreme Court upholds appeals court decision in wind versus water case
Jun 2 2008 // The Louisiana Supreme Court on May 21 upheld an appeals court’s decision regarding the state’s “valued policy law” (VPL) in a “wind versus water” case stemming from Hurricane Rita in...
Over Protests of Insurers, Businesses, La. Senate OKs Prosthetics Bill
May 29 2008 // Beginning next year, health insurance policies written in Louisiana would have to provide at least $50,000 worth of coverage for those who need artificial limbs, under legislation approved 26-7 by the state Senate. There...
Local Officials in Louisiana in Dark About Chemicals on Trains
May 27 2008 // Railway officials do not publicize the types of dangerous chemicals that pass every day through communities like Lafayette, La., citing safety concerns in the post-Sept. 11, 2001, world. But even first responders often...
Louisiana Supreme Court Agrees with Insurer in Wind v. Water Case
May 23 2008 // The Louisiana Supreme Court on May 21 upheld a previous appeals court’s decision upholding the state’s “valued policy law” (VPL). The plaintiffs in Mark Landry and Barbara Landry V. Louisiana...
