Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
La. Senate OKs Bill to Increase Coverage, Costs of Car Insurance
May 31 2007 // Car insurance requirements in Louisiana would be increased, boosting insurance costs for thousands of drivers who carry the minimum insurance needed, under a bill approved by the Senate recently. Supporters of the bill by...
La. Officials’ Insurer Sponsored Trips may Have Broken Law
May 30 2007 // Hunting and fishing trips taken by state officials and paid for by the state-run insurer of last resort, may have broken the law, according to a legislative audit report made public May 28. The audit found that Louisiana...
La. Legislative Session at Mid-point with Most Bills Still Hanging
May 30 2007 // Halfway through the legislative session, spending plans and tax cut proposals are at odds, insurance relief proposals in post-hurricane Louisiana are under negotiation, and most major bills still are awaiting...
La. Regulators Approve Property Insurance Rate Hikes
May 29 2007 // Louisiana regulators have approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission on May...
La. Senate Votes to Abolish Insurance Rating Commission
May 25 2007 // Louisiana should abolish the commission of political appointees that regulates the insurance industry, the state Senate has voted, a move supported by the insurance industry. Senators voted 30-6 to approve a bill by Sen....
Workers’ Comp Companies Filing Rate Decreases in La.
May 25 2007 // Louisiana Commissioner of Insurance Jim Donelon announced that rates for workers’ compensation insurance are decreasing, thanks to a large drop in loss costs for insurers. Most workers’ comp carriers in...
Plan Meant to Lower La. Citizens Rates Wins Panel’s Approval
May 25 2007 // The Louisiana House of Representatives Insurance Committee approved a plan meant to lower homeowners rates charged by Louisiana’s state-backed insurer, despite warnings that it will backfire and exacerbate the...
Corps Plans to Close La. Ship Channel Blamed for Katrina Flooding
May 22 2007 // The U.S. Army Corps of Engineers said it wants to build a $50 million earthen dam to plug a New Orleans-area ship channel blamed for much of the flooding from Hurricane Katrina. The announcement at a meeting in Chalmette,...
News Currents
May 21 2007 // State Farm to reopen 350 hurricane claims in Louisiana Holly Beach, La., October 3, 2005 – Nothing is left of the community of Holly Beach, once home to 300 residents and a favorite destination for thousands of...
La. House Approves Gov.’s $100M Insurance Plan
May 21 2007 // The Louisiana House of Representatives on approved Gov. Kathleen Blanco’s proposals to improve Louisiana’s dismal property insurance market, including using $100 million as financial incentives for insurance...
2007 Property/Casualty State Specialist Insurers
May 21 2007 // 1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty...
Declarations
May 21 2007 // Rates going down “Consumers are clearly benefiting from what has turned into a very competitive insurance market. … When it seems like the price of everything else is going up, to hear insurance rates are going...
Claims against insurance agents and brokers: Timing is everything
May 21 2007 // Flood policies at heart of many cases against Gulf Coast producers In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found...
People and Places
May 21 2007 // McQueary Henry Bowles Troy named Senior Vice President Brad Van Stavern to lead the new property/casualty practice in its Austin office. Van Stavern brings experience in the health care industry, where he held positions...
Claims against insurance agents and brokers: Timing is everything
May 21 2007 // In the aftermath of Hurricanes Katrina and Rita, many insurance agents and brokers in Louisiana and Mississippi and, to some extent, in Texas have found themselves being sued for allegedly failing to advise their customers...
Declarations
May 21 2007 // Declarations Rates going down “Consumers are clearly benefiting from what has turned into a very competitive insurance market. … When it seems like the price of everything else is going up, to hear insurance...
People
May 21 2007 // McQueary Henry Bowles Troy named Senior Vice President Brad Van Stavern to lead the new property/casualty practice in its Austin office. Van Stavern brings experience in the health care industry, where he held positions...
La. House Refuses to Relax Statewide Building Code Rules
May 21 2007 // The Louisiana House of Representatives rejected a proposal to loosen statewide building codes enacted after the 2005 storms, concerned that insurers will refuse to write policies for homes built under relaxed...
2 Texans Arrested in La. in Multi-state Identity Theft Scheme
May 18 2007 // A pair of Texas men face a variety of charges after Louisiana authorities say they stole identities and defrauded businesses in three states of more than $1 million. Michael McDowell, 30, and Jason Mark Freeman, 31, both...
La. Bail Bond Agent Accused of Taking Premiums
May 18 2007 // The Louisiana Department of Insurance announced that a Baton Rouge-area bail bond agent has been arrested and issued a cease and desist order and summary suspension of his insurance license for allegedly misappropriating...
