Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Foster Urged to Sign Louisiana Regulatory Reform Bill
Jun 6 2003 // The National Association of Independent Insurers called on Louisiana Gov. Mike Foster to promptly sign a bill that the NAII says would provide more flexibility to the state’s insurance rate-making process while...
Rating Bill Passes Louisiana House
Jun 4 2003 // Legislation that would reform how insurance rates are regulated in Louisiana cleared a major hurdle this week, passing the full House in a 97-3 vote. According to the National Association of Independent Insurers, Senate...
La. House Committee Backs Proposal to Appoint Commissioner
May 27 2003 // The Louisiana House and Governmental Affairs Committee approved House Bill 1318, legislation that would allow the governor to appoint the state’s insurance commissioner beginning in 2008. According to the New...
Local CPCU Chapter Assists LA Family Housing
May 23 2003 // Volunteers from the Los Angeles Chapter of CPCU and other insurance professionals spent May 3, 2003 reading to and assisting underprivileged children with crafts for Mother’s Day. For children at the Sydney M. Irmas...
Flex Band Bill Passes La. House Committee
May 23 2003 // A bill that insurance groups say would modernize Louisiana’s insurance regulatory system and make insurance more available in the state has passed the House Insurance Committee. According to the National Association...
Louisiana’s Patterson Insurance Co. Gets ‘R’ Rating
May 22 2003 // Standard & Poor’s Ratings Services assigned its “R” financial strength rating to Bossier City, La.-based Patterson Insurance Co. as a result of the company’s ongoing liquidation. Patterson was...
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...
