A former Oklahoma insurance executive has been chosen to head the Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort.
Richard Newberry has been named the new chief executive officer. The Advocate reports state Insurance Commissioner Jim Donelon says Newberry’s first day on the job will be May 31.
Donelon says Newberry has 23 years of experience in the industry, most of that time at the Oklahoma Farm Bureau Mutual Insurance Co. He was executive vice president and general manager of the Oklahoma Farm Bureau Mutual Insurance.
The Citizens board of directors will meet at 1 p.m. Tuesday to vote on Newberry’s salary.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
