Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
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...
La. Court Rejects Appeal
Jan 28 2002 // Rejecting an appeal of a previous court decision, the Louisiana Supreme Court let stand a lower court ruling that rejects the notion that insurers are required to pay for diminished value. The plaintiff in Campbell v....
McDermott favored in La. Case
Jan 28 2002 // Judge Sarah S. Vance of the U.S. District Court for the Eastern District of Louisiana issued a ruling Jan. 4, granting motions by McDermott International Inc., a worldwide energy services company, and its subsidiary...
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
LA Re Renamed XL Re Latin America Ltd
Oct 29 2001 // Latin American Re has adopted the global brand name of its parent company XL Re Ltd., renaming itself as XL Re Latin America Ltd. (XL Re LA). The move follows XL Re’s acquisition last year of Risk Capital...
LIGA TO LOSE $175M
Oct 22 2001 // The Louisiana Insurance Guaranty Association (LIGA) will take a $175 million hit covering claims owed in the state by a failed Pennsylvania insurance company that mainly provided business and workers’ compensation...
As Texas and Louisiana Mop Up, Assessment Begins in Flood-Swept Areas
Jun 18 2001 // Preliminary cost estimates of damages wreaked by Tropical Storm Allison as it floated around Southeast Texas for several days earlier this month have topped $1 billion. But no one knows what the actual figure will be nor...
LA CPCU Chapter and MUA Hold Joint Meeting
Mar 5 2001 // Thanking William C. Clark (center), president of Warehouse Insurance Management Co., are MUA vice president Sherry Wright, Atlantic Mutual Companies (left); and LA CPCU Chapter president-elect David Keleher, Farmers...
LA. COMMISSIONER TRIES TO AVOID JAIL
Feb 19 2001 // In an effort to stay out of prison, suspended Louisiana Insurance Comm-issioner Jim Brown is using the same argument that worked for former Gov. Edwin Edwards. Brown claims the use of an anonymous jury during his insurance...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
Several States Extend Privacy Deadline
Oct 18 2000 // Several states across the country have joined together in extending the deadline for compliance with new federal privacy requirements from November 13, 2000 to July 1, 2001-consistent with the federal compliance...
LA. LIABILITY LIMIT ENDED
Sep 4 2000 // Late last month, an obscure provision allowing dozens of Louisiana insurance companies to limit their liability in homeowners’ policies was outlawed, according to a report by The Baton Rouge Advocate. The story said...
La. Parents’ Liability Limit Clause Ended
Aug 17 2000 // As of Wednesday, an obscure provision that allowed dozens of Louisiana insurance companies to limit their liability in homeowners’ policies was outlawed according to a Wednesday report by The Baton Rouge...
Disiere Pleads Guilty in La. Fraud Case
Aug 14 2000 // A co-defendant of Edwin Edwards—the former governor convicted of extorting payoffs for casino licenses—has pleaded guilty and agreed to testify against Edwards in an insurance fraud case. David Disiere, a Dallas...
Commentary: Examining Slave Insurance in a World 150 Years Removed
Jul 24 2000 // In March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this...
