Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Bill Targeting New Orleans Saints Workers’ Comp Issues Expanded
Apr 19 2010 // An attempt by the New Orleans Saints to lower its workers’ compensation costs for injured players has mushroomed into an issue that would apply to all businesses and employees in Louisiana. The Saints were pushing a...
Louisiana Hurricane Researcher and Corps Critic Fails to Win Job Back
Apr 15 2010 // A federal judge refused to immediately reinstate Louisiana State University hurricane and coastal researcher Ivor van Heerden, who was stripped of most of his duties last year. Van Heerden claims he is losing his job...
Louisiana Workers’ Comp Corp.’s ‘A’ Rating Reaffirmed
Apr 13 2010 // A.M. Best Company has reaffirmed for 2010 the financial strength rating of “A” (Excellent) Louisiana Workers’ Compensation Corp. This is the ninth consecutive year that LWCC has received the...
Florida Chief McCarty: Facts, Not Fear, Should Guide Insurance Debate
Apr 12 2010 // Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of...
Federal Judge in New Orleans Awards $2.6M in Chinese Drywall Case
Apr 8 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to the plaintiff’s homes as a result of the installation of substandard drywall...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Louisiana Bills Would Ban Insurance Cancellations from Drywall
Apr 5 2010 // Two bills that would prohibit property insurance companies from canceling policies or raising rates on homeowners who make damage claims stemming from corrosive Chinese drywall were proposed in Louisiana in advance of the...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Louisiana Citizens Insurance OKs 7% on Average Rate Hike
Apr 5 2010 // Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average7 percent statewide. However, rate increases – as well as decreases – will vary widely,...
Business Moves
Apr 5 2010 // 21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from...
Arrested Texas Bond Company Owner Cited in Louisiana Case
Apr 2 2010 // A 41-year-old Fort Worth man arrested in March owns the bonding company that cost the New Orleans-based low bidder a contract to build a new $35 million terminal at Monroe Regional Airport. George Douglas Black Sr. was...
Louisiana Agent Arrested; Faces 48 Counts, $10K in Fines
Apr 1 2010 // A Lafayette, La., insurance agent has been arrested, and served with a cease and desist order, license revocation and fine notice for alleged misappropriation, misrepresentation and forgery, the Louisiana Department of...
State Farm Files to Increase Homeowners Rates in Louisiana
Mar 31 2010 // State Farm Fire and Casualty Co. has filed an average 9.9 percent rate increase request for homeowners coverage in Louisiana, according to the Associated Press. State Farm is Louisiana’s largest home insurer with...
Louisiana Surplus Lines Association Eyes Exemption Bill
Mar 31 2010 // One of the major bills of interest to the surplus lines industry in Louisiana during the current legilative session would clarify the exemption from rate and form filing for providers of excess and surplus insurance in...
Louisiana Court: Policy Exclusions Can’t Be Used to Deny Drywall Claims
Mar 30 2010 // A Louisiana court has rebuffed an insurance company’s use of the pollution exclusion and two other exclusions in an “all risk” homeowners insurance policy to deny claims resulting from so-called Chinese...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Mar 26 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Louisiana Bills Would Ban Insurance Cancellations from Drywall Claims
Mar 26 2010 // Property insurance companies would not be allowed to cancel policies or raise rates on homeowners who make damage claims stemming from corrosive Chinese drywall, under two proposed state laws in Louisiana. Bills by state...
Louisiana Agent, Agency Accused of Misappropriation, Forgery
Mar 26 2010 // Louisiana insurance regulators have served a Denham Springs, La., agent and her agency with cease and desist orders, license revocations and fine notices for alleged misappropriation, misrepresentation and...
21st Century Holding to Buy Florida’s HomeWise Insurance
Mar 23 2010 // 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain insurance policies from HomeWise Preferred...
Ex-Louisiana Citizens Exec Pleads Guilty to Theft
Mar 23 2010 // Facing trial on March 22, the former head of Louisiana’s property insurer of last resort pled guilty to theft of around $30,000 from Louisiana Citizens Property Insurance Corp. and two related insurance...
