Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Louisiana Money Laundering Case Deliberations Resume
Oct 22 2008 // A jury of six men and six women in New Orleans resumed deliberations Oct. 21 in the money laundering trial of Gwendolyn Moyo related to the alleged operation of an illegal insurance company. Moyo, 53, is accused of 41...
SBA: $50M Approved for Louisiana Storm Victims
Oct 20 2008 // The U.S. Small Business Administration says it has approved more than $50 million in low-interest loans to Louisiana homeowners, renters and businesses that suffered damages in September 2008 hurricanes. The SBA is the...
LA Public Transit Faces Dilemma Due to AIG Demise
Oct 20 2008 // Two public transportation agencies in Southern California are facing a financial dilemma and possible service cuts after a major lender fell victim to the nationwide economic crisis. Los Angeles County Metropolitan...
Hurricanes, Credit Crunch Hit Louisiana, Texas Agriculture
Oct 20 2008 // Like farmers and ranchers across the United States, agriculture producers in Texas and Louisiana have been impacted by rising fuel and fertilizer costs, and they fear the credit squeeze gripping the nation will make it...
Assessment of Ike’s Environmental Damage Begins
Oct 20 2008 // Hurricane Ike’s winds and massive waves destroyed oil platforms, tossed storage tanks and punctured pipelines. The environmental damage is now becoming apparent: At least a half million gallons of crude oil spilled...
Louisiana Citizens to Shuttle 40,000 More Policies
Oct 20 2008 // Insurer Raising Rates 14% Statewide Six insurance companies, some participating in the Insure Louisiana Incentive Program, want to assume 46,898 policies from the Louisiana Citizens Property Insurance Corporation by Dec....
Louisiana Citizens Settles Policyholder Lawsuits for $35 Million
Oct 17 2008 // Louisiana’s state-run insurer of last resort has reached a $35 million agreement with policyholders to resolve claims that the insurer failed to offer settlements for hurricane claims in a timely fashion after...
Louisiana High Court Rejects Insurance Liquidation Case
Oct 16 2008 // A long-running case dating back to numerous insurance company collapses in Louisiana during the 1990s has been thrown out by the Louisiana Supreme Court. In a 6-1 decision, the high court tossed a $1.2 million award to the...
Louisiana Producer Charged With Submitting Falsified Claims
Oct 16 2008 // An Alexandria, La., licensed insurance producer has been issued a cease and desist order and summary suspension for allegedly submitting falsified claims, the Louisiana Department of Insurance reported. Stacy Buie...
FEMA Extends Hurricane Ike Housing Deadline in Louisiana
Oct 14 2008 // The Federal Emergency Management Agency has extended its deadline for providing temporary housing for evacuees of Hurricane Ike in Louisiana. Gov. Bobby Jindal says FEMA will now provide temporary housing until Oct....
Louisiana State Senator Pleads Guilty in Money Laundering Case
Oct 13 2008 // Louisiana State Sen. Derrick Shepherd has pleaded guilty in federal court to one count of conspiracy to commit money laundering in a case involving alleged illegal operation of an insurance business. Shepherd, D-Marrero,...
Regulators: 40,000 Policies to be Removed From Louisiana Citizens
Oct 9 2008 // Six insurance companies, some participating in the Insure Louisiana Incentive Program, want to assume 46,898 policies from the Louisiana Citizens Property Insurance Corporation by Dec. 1, 2008. However, Citizens CEO John...
Louisiana Senator Says State Declared Agricultural Disaster
Oct 8 2008 // U.S. Senator Mary Landrieu, D-La., announced that Louisiana has been declared an agricultural disaster by the U.S. Department of Agriculture (USDA). On Sept. 10, Sen. Landrieu and the rest of the Louisiana delegation wrote...
Louisiana Regulator Honored by National Insurance Society
Oct 8 2008 // Ron Musser, the assistant commissioner of Financial Solvency for the Louisiana Department of Insurance, has received the Al Greer Achievement Award from the Insurance Regulatory Examiners Society (IRES), the department...
Louisiana Lawmakers Seek Limit on Named Storm Deductibles
Oct 7 2008 // Key Louisiana lawmakers plan to challenge property insurers by trying to limit the special deductibles they can impose when homes are damaged by tropical storms and hurricanes. The so-called “named-storm”...
Louisiana Citizens Board Approves Increase
Oct 7 2008 // The governing board of Louisiana Citizens Property Insurance Corporation, the state’s “last resort” property insurer, on Oct. 6 approved a 14 percent statewide average rate hike. The Associated Press...
Investigation: Ike’s Toll on Environment a Heavy One
Oct 7 2008 // Hurricane Ike’s winds and massive waves destroyed oil platforms, tossed storage tanks and punctured pipelines. The environmental damage only now is becoming apparent: At least a half million gallons of crude oil...
Combined Damages from Gustav and Ike in Louisiana Could Reach $20B
Oct 6 2008 // Preliminary estimates of the combined total physical damage in Louisiana from Hurricanes Gustav and Ike range from roughly $8 billion to $20 billion, not including “temporary economic activity losses or damage to...
Louisiana’s Crops, Forests, Fisheries Suffered From Hurricanes
Oct 6 2008 // Louisiana agriculture, forestry and fisheries suffered an estimated $950 million in losses and damages from Hurricanes Gustav and Ike, according to the Louisiana State University AgCenter. The figure is expected to rise as...
Former Louisiana Commissioner Gets Law License Back
Oct 1 2008 // The Louisiana Supreme Court has restored the law license of former state Insurance Commissioner James H. “Jim” Brown Junior, who served six months in prison on a federal conviction of lying to FBI agents. Found...
