Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
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...
Surplus Lines Bill Passes La. Committee
May 8 2003 // A bill that would allow surplus lines insurers to enter pleadings without posting a bond advanced from the Louisiana House Insurance Committee, according to the National Association of Independent Insurers. “House...
Louisiana Shuts Down Metairie Agent
May 7 2003 // The Louisiana Department of Insurance closed the operations of a Metairie insurance agent (producer) on accusations of forgery and misappropriation of insurance premiums. It was the third such shutdown of an agent’s...
La. House Committee Approves Bill Pairing Coastal & FAIR Plans
May 6 2003 // The Louisiana House Insurance Committee approved 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...
STATE FARM RATE INCREASES IN LA.
May 5 2003 // State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100....
CE RELIEF FOR ACTIVE DUTY AGENTS
May 5 2003 // Both Oklahoma and Louisiana are offering relief to insurance agents serving on active duty with the U.S. armed forces in Iraq. Louisiana Insurance Commissioner Robert Wooley and Oklahoma Insurance Commissioner Carroll...
Louisiana Agent Faces Fraud Charges
May 2 2003 // The Louisiana Insurance Department shut down the business of a Shreveport, La. insurance agent in the second such action by the department in as many days. According to Insurance Commissioner Robert Wooley, the agent was...
Louisiana Agent Shut Down on Multiple Fraud Allegations
May 1 2003 // Louisiana Insurance Commissioner Robert Wooley confirmed that the business of a Gonzales, La. insurance agent was halted in the latest investigation of alleged insurance fraud across the state. Department of Insurance...
BancorpSouth to Acquire Louisiana Agency
May 1 2003 // BancorpSouth Inc. announced that it has reached an agreement in principle to acquire certain assets of WMS, L.L.C., of Baton Rouge, which operates under the name of Wright & Percy Insurance. Terms of the acquisition...
Senate Bills Reportedly Increasing Choice, Lowering Premiums in La. Passes Committee
Apr 25 2003 // A Senate panel this week approved two major bills that would reportedly change the way insurance rates are regulated in Louisiana, bringing more companies and competition into the state. The measures, Senate Bill 721 and...
State Farm Gets Rate Increases in Louisiana
Apr 21 2003 // Beginning June 15, State Farm homeowner policyholders in Louisiana will face a 12.2 percent rate increase averaging about $100 more per year. According to the New Orleans Times Picayune, the Louisiana Insurance Rating...
NO MORE ‘ACTING’ FOR LA.’S WOOLEY
Apr 21 2003 // The Louisiana Department of Insurance announced that Robert Wooley officially dropped the “acting” from his title and is now Louisiana’s Commissioner of Insurance. Louisiana Constitution Article IV,...
LA. WAIVES CE FOR ACTIVE DUTY
Apr 21 2003 // The Louisiana Department of Insurance is waiving Continuing Education (CE) requirements for insurance agents and brokers actively serving the United States as part of Operation Iraqi Freedom. Any insurance license renewal...
Louisiana’s Brown Exits Prison in Style
Apr 16 2003 // Former Louisiana insurance commissioner Jim Brown was released from prison after serving a six-month sentence for lying to the FBI. According to the New Orleans Times Picayune, the ex-commissioner left in style—in a...
No More ‘Acting’ for Louisiana’s Wooley
Apr 15 2003 // The Louisiana Department of Insurance announced that Robert Wooley officially dropped the “acting” from his title and is now Louisiana’s Commissioner of Insurance. Louisiana Constitution Article IV,...
La. Commish Waives CE for Active Duty Agents
Apr 14 2003 // Louisiana Insurance Commissioner Robert Wooley announced that the Louisiana Department of Insurance will waive Continuing Education (CE) requirements for insurance agents and brokers actively serving the United States as...
