Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
La. Decides to wait at Least One Month on Allstate Rate Hike Request
Jun 26 2002 // The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not...
La. Decides to wait at Least One Month on Allstate Rate Hike Request
Jun 26 2002 // The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not...
State Farm Ceases Writing New La. Auto Policies
Jun 25 2002 // State Farm Insurance Co. announced it would stop writing new auto policies in Louisiana, and would also request a 16 percent rate increase to generate more than $150 million to offset losses. According to A.M. Best and The...
The Storms Will be Out There: Average Hurricane Season Predicted
Jun 24 2002 // Colorado State University hurricane forecasters, led by Dr. William Gray, recently lowered this year’s Atlantic basin hurricane forecast numbers, but that hasn’t prevented insurance commissioners from states...
NAII Says La. Draft Regulation Leaves Room for Misinterpretation
Jun 14 2002 // A recent bulletin from the Louisiana Insurance Department dealing with form filing requirements for P/C insurance is causing concern for insurers, according to the National Association of Independent Insurers...
‘B++’ Assigned to La. Retailer Mutual
Jun 12 2002 // A.M. Best Co. has assigned a “B++” financial strength rating to Louisiana Retailers Mutual Insurance Co. (LRMIC), a Baton Rouge, La.-based workers’ compensation insurance provider. The outlook is...
Fake Stucco Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Fake Stucco, Real Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
La. Fire Ins. Premiums May Go Down
Jun 10 2002 // Three fire departments in Louisiana’s Jeffers on Parish are set to receive higher fire ratings in June, which could save property owners in Marrero and Harvey as much as 15 percent on their fire insurance premiums....
Diminished Value 3-Time Loser in La.
Jun 10 2002 // A Louisiana Circuit Court has reversed a trial court’s holding that an insurance company’s auto policy covered “diminished value claims,” making it the third such case that has been rejected in the...
LA Civilian Employee Convicted for Workers’ Comp Fraud
May 27 2002 // A former Los Angeles County Sheriff’s Department (LASD) civilian employee, pled no contest to one count of felony insurance fraud for allegedly filing a false workers’ compensation claim. Richard Montellano...
Watch the Skies, Weather Still Causing Trouble for Homeowners Markets
May 27 2002 // For the past year, while the Texas homeowners insurance market reeled from the effects of mold claims on premium (and still does), homeowners markets in other states have begun bracing themselves for similar nightmare...
STATE FARM WITHDRAWS FROM LA.
May 13 2002 // State Farm has decided to take a hike from the Louisiana homeowners market and Acting Insurance Commissioner Robert Wooley acknowledged the pullout comes as no surprise. In a statement, Wooley noted that the company cited...
NAII Urges Rate, Tort Reform in La.
Apr 15 2002 // The National Association of Independent Insurers (NAII) warned that without rate modernization and tort reform, the Louisiana insurance market could be in serious trouble—market shrinkage, higher prices, and federal...
La. Names New Dep. Commissioner
Mar 11 2002 // Acting Commissioner of Insurance J. Robert Wooley named Paula Pellerin-Davis as the new Deputy Commissioner of the Office of Property and Casualty for the Louisiana Department of Insurance. Davis previously served as...
La. Agents Charged, Suspended
Mar 11 2002 // Two insurance agents in Lafayette were arrested and their licenses suspended after they allegedly submitted fraudulent documents and misappropriated insurance funds, according to acting Louisiana Insurance Commissioner J....
SIAA Welcomes Louisiana Agency
Feb 25 2002 // The Strategic Independent Agents Alliance (SIAA), a national insurance agency distribution network, announced that Cuave Insurance Agency/Sovereign Insurance Group (SIG) of Winnsboro, La., has established Southern...
Building Profitability into the Commercial Auto Market
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
Agent Told to ‘Cease and Desist’
Feb 11 2002 // The Louisiana Department of Insurance ordered a former insurance agent to cease and desist any business as an insurance agent as a result of the agent’s alleged violations of the Louisiana Insurance Code. Herman...
La. Approves Exclusions
Feb 11 2002 // Louisiana acting Commissioner of Insurance J. Robert Wooley announced the approval of terrorism, mold and pollution exclusions for certain lines of insurance. Wooley said approval of specific coverage exclusions is...
