Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
La. Rating Commission Approves Rate Hikes, Fees
Jun 30 2003 // The Louisiana Rating Commission has approved higher premiums for a few insurers in the state, while also installing an annual fee charged to all insurance companies. The fee is expected to raise about $56.4 million in the...
La. Agent Issued C&D Order For Selling Bogus Coverage
Jun 26 2003 // Louisiana Commissioner of Insurance Robert Wooley announced that a Lafayette insurance agent was served a cease and desist order and his insurance license was suspended for allegedly misappropriating insurance premiums...
Bill to Revamp State-Run Plans Passes in La.
Jun 25 2003 // A Louisiana bill that would overhaul the state’s FAIR and Coastal plans passed both the Senate and House and is headed to Gov. Mike Foster’s desk for his signature. House Bill 1788, which creates the Louisiana...
LA. RATING BILL NOW LAW:
Jun 23 2003 // Louisiana Gov. Mike Foster allowed Senate Bill 721—which lets insurance companies raise or lower their automobile and property insurance rates by as much as 10 percent per year without the approval of the Louisiana...
NAII: La., Texas Lighten Regulatory Load
Jun 20 2003 // Louisiana and Texas legislators opted to overhaul their insurance regulatory systems this year with competition-based solutions that should help to address the insurance availability and affordability crises that have...
Louisiana DOI Garners Top Consumer Column Award
Jun 13 2003 // The Louisiana Department of Insurance reported that Insurance Commissioner Robert Wooley’s weekly question and answer column, “Ask Robert Wooley: Your Commissioner of Insurance,” has received recognition...
Louisiana’s Jim Brown Won’t Back Down
Jun 9 2003 // What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book...
Louisiana’s Jim Brown Won’t Back Down
Jun 9 2003 // What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book...
Louisiana Commissioner Remains an Elected Position
Jun 6 2003 // Gov. Mike Foster’s plan to make Louisiana’s insurance commissioner an appointed position rather than an elected one was rejected by the state’s House of Representatives. According to the New Orleans...
Foster Urged to Sign Louisiana Regulatory Reform Bill
Jun 6 2003 // The National Association of Independent Insurers called on Louisiana Gov. Mike Foster to promptly sign a bill that the NAII says would provide more flexibility to the state’s insurance rate-making process while...
Rating Bill Passes Louisiana House
Jun 4 2003 // Legislation that would reform how insurance rates are regulated in Louisiana cleared a major hurdle this week, passing the full House in a 97-3 vote. According to the National Association of Independent Insurers, Senate...
La. House Committee Backs Proposal to Appoint Commissioner
May 27 2003 // The Louisiana House and Governmental Affairs Committee approved House Bill 1318, legislation that would allow the governor to appoint the state’s insurance commissioner beginning in 2008. According to the New...
Local CPCU Chapter Assists LA Family Housing
May 23 2003 // Volunteers from the Los Angeles Chapter of CPCU and other insurance professionals spent May 3, 2003 reading to and assisting underprivileged children with crafts for Mother’s Day. For children at the Sydney M. Irmas...
Flex Band Bill Passes La. House Committee
May 23 2003 // A bill that insurance groups say would modernize Louisiana’s insurance regulatory system and make insurance more available in the state has passed the House Insurance Committee. According to the National Association...
Louisiana’s Patterson Insurance Co. Gets ‘R’ Rating
May 22 2003 // Standard & Poor’s Ratings Services assigned its “R” financial strength rating to Bossier City, La.-based Patterson Insurance Co. as a result of the company’s ongoing liquidation. Patterson was...
LA. AGENTS SHUT DOWN:
May 19 2003 // The Louisiana Department of Insurance closed the operations of a Metairie insurance agent on accusations of forgery and misappropriation of insurance premiums. It was the third such shutdown of an agent’s insurance...
‘Insurers of Last Resort’ Bill Passes Louisiana House
May 15 2003 // The Louisiana House of Representatives passed a bill combining the Coastal and FAIR Plans, two of the state’s so-called “insurers of last resort,” under a new state-created entity called the Louisiana...
Surplus Lines Bill Passes La. House, Senate Battle Next
May 14 2003 // The Louisiana Surplus Lines Association is urging its members to keep the pressure on state lawmakers to pass House Bill 1476, which would exempt certain surplus lines insurers from a decades old, largely un-enforced law...
NAII Says HB 2000 Would Worsen La.’s Coverage Woes
May 14 2003 // A bill that would not allow insurance rates in Louisiana to vary more than five percent between adjacent parishes passed a House committee last week and awaits action on the House floor. The National Association of...
NAMIC Affiliates with New Coalition to Make La. Market More Competitive
May 13 2003 // The National Association of Mutual Insurance Companies (NAMIC) is a member of a new broad-based group of business and professional organizations that just recently formed. The Coalition to Insure Louisiana (CIL) was...
