Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
La. DOI Estimates Isidore’s Insured Damages at $100 Million
Oct 1 2002 // Acting Louisiana Insurance Commissioner Robert Wooley upped the insured damages from Tropical Storm Isidore in southern Louisiana to $100 million, after the Department of Insurance compiled an an estimate of preliminary...
APPOINTED INS. HEAD FOR LA.’
Sep 30 2002 // Louisiana Governor Bob Foster recently asked visitors to the Governor’s Web site to vote on whether the state’s insurance commissioner should be an appointed official or an elected one. Currently the insurance...
STATE FARM GETS INCREASES IN LA.
Sep 30 2002 // The Louisiana Insurance Rating Commission approved a 14 percent increase in automobile insurance rates for State Farm Mutual Automobile Insurance Co. and a 19 percent rate hike for State Farm Fire & Casualty Co. The...
Isidore Wreaks an Estimated $18M in Damages in Louisiana
Sep 30 2002 // Tropical Storm Isidore’s swept across Louisiana causing an estimated $18 million in flood damage according to Gov. Mike Foster, who is expected to seek federal aid and disaster declaration for areas of the state. The...
La. Commissioner Suspends Four Employees
Sep 27 2002 // The Louisiana Department of Insurance suspended without pay for up to two weeks four department employees for allegedly padding time sheets. According to the New Orleans Times-Picayune, a department audit found that the...
Louisiana Commissioner Aims for Reforms
Sep 26 2002 // Acting Louisiana Insurance Commissioner J. Robert Wooley is soliciting information from the insurance industry on the current regulatory and legislative climate in the state, a move toward insurance reform that, according...
La. Governor Wants Lower Auto Rates
Sep 17 2002 // On his weekly radio show, Louisiana Governor Mike Foster told his audience he plans to meet with various insurance industry groups to discuss ways to lower the state’s auto insurance rates. According to the New...
La. Okays State Farm Auto Rate Increases
Sep 13 2002 // The Louisiana Insurance Rating Commission approved automobile insurance rate increases for State Farm Group that were less than those originally requested by the insurer. According to A.M. Best regulators approved a 14...
Louisiana Gov. Wants to Appoint Insurance Head
Sep 12 2002 // Governor Bob Foster of Louisiana is pushing for a change in state law that would allow the state insurance commissioner to be an appointed official rather than an elected one. According to the New Orleans Times-Picayune...
Brown Conviction Upheld in Louisiana
Aug 29 2002 // A federal appeals court recently upheld the felony conviction of suspended Louisiana Insurance Commissioner Jim Brown but, according to the New Orleans Times-Picayune, Brown is vowing to continue the fight to clear his...
Insurers Seek Higher Rates in Louisiana
Aug 26 2002 // At least eight insurance companies recently appeared before the Louisiana Insurance Rating Commission seeking rate increases on various lines, including medical malpractice, auto and property insurance, according to the...
New La. Auto, Homeowners Rate Comparison Guides Available
Aug 20 2002 // Louisiana Acting Commissioner of Insurance J. Robert Wooley announced the compilation of new rate comparison guides for auto and homeowners insurance, which are available free of charge. “Both the auto and the...
RATE HIKES EXPECTED
Aug 5 2002 // Multiple rate hike requests from insurers and consumer concerns prompted Louisiana Governor Mike Foster to hire an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in considering the rate...
LA CPCU Chapter Represented at Nat’l Leadership Summit
Jul 29 2002 // Several officers, directors and past presidents of the Los Angeles Chapter of CPCU recently attended a Leadership Summit in Las Vegas sponsored by the National Society of CPCU. The Summit included the Society’s...
Louisiana Governor Expects Rate Hikes
Jul 29 2002 // Louisiana Governor Mike Foster hired an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in their consideration of rate hike requests from insurers and consumer concerns. The Times-Picayune...
LWCC Upgraded
Jul 22 2002 // Louisiana’s largest workers’ compensation insurance company, Louisiana Workers’ Compensation Corporation (LWCC) announced that A.M. Best has upgraded LWCC’s financial strength rating from an...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
La. Auto Rates Rising
Jul 22 2002 // Citing increasing medical and repair costs, a weak stock market, and the effects of state laws enacted in 1998, Louisiana insurance regulators anticipate a rise in auto rates in their state. The Times-Picayune reports that...
LWCC Upgraded
Jul 22 2002 // Louisiana’s largest workers’ compensation insurance company, Louisiana Workers’ Compensation Corporation (LWCC) announced that A.M. Best has upgraded LWCC’s financial strength rating from an...
‘B++’ Assigned to La. Retailers Mutual
Jul 8 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...
