Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
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...
Guns in Locked Cars at Workplace OK under Louisiana Senate Bill
May 23 2008 // Employees in Louisiana would have the right to keep a legally owned firearm locked in their car in a parking lot at their place of work, if the House goes along with a bill approved 28-4 in the state Senate. Senator Joe...
Louisiana House OKs Car Insurance Hike
May 21 2008 // Louisiana should raise the minimum level of required automobile insurance, the House of Representatives voted on May 19, an increase that would mean higher insurance costs for over 1 million motorists. Supporters of...
Train Derailment, Acid Leak Forces Louisiana Evacuation
May 19 2008 // Six cars of a freight train derailed Saturday, May 17, causing a hydrochloric acid leak that forced thousands of people to leave homes, businesses and a nursing home within one mile of the wreck. The spilled acid sent a...
October Trial Date Set for La. Legislator in Insurance Fraud Case
May 19 2008 // A federal judge set an Oct. 6 trial date for a Louisiana legislator charged with helping launder money for a woman accused of illegally selling insurance. Sen. Derrick Shepherd, who was indicted in April, did not appear in...
It Figures
May 19 2008 // $1.5 Billion The Texas Windstorm Insurance Association is asking the Texas Department of Insurance for the go-ahead to purchase $1.5 billion in catastrophe reinsurance coverage over a retention of $600 million. TWIA is...
South Central Workers’ Comp Markets Show Signs of Improvement
May 19 2008 // Arkansas Workers’ comp premium rates in Arkansas will continue on the declining path they have followed since the state passed workers’ compensation legislative reform in 1993, when a 12.8 percent rate decrease...
Injury Hotspots From Coast to Coast
May 19 2008 // Workplaces are getting safer each year; but that doesn’t mean the cost of workers’ comp coverage will decline Ongoing efforts to curb workplace injuries have made substantial progress in most parts of the...
Louisiana Legislature Doing Homework on Insurance, Lobbyist Says
May 16 2008 // About 55 percent of the lawmakers in the 2008 Louisiana Legislature are new to the job but they are doing their homework on insurance issues, one surplus lines insurance industry representative says. David Tatman of Baton...
