All the headlines from our Louisiana Topic Page, ordered by recency.
Jan 25 2009 // 7%Louisiana Citizens Property Insurance Corp. board has approved a 7 percent increase in statewide average homeowners rates. The company initially wanted a 14 percent increase, but the insurance department rejected that...
Jan 25 2009 // Technically, Brooke Franchise owes me $7 million, but who knows if I will ever see it,” said Roger Cunningham, former Brooke franchisee and agent/ owner of RKC Financial in the Dallas/Ft. Worth Texas,...
Jan 23 2009 // The Louisiana Workers’ Compensation Corporation (LWCC) announced that Kevin Paul Hale of Baton Rouge, La., has been selected as the 2008 recipient of the Stephen W. Cavanaugh Scholarship.LWCC established the Stephen...
Jan 22 2009 // Errors in the loading of tax data resulted in a need to re-examine the eligibility of more than 12,500 Road Home applicants, according to a state legislative auditor’s report that also raised other questions about...
Jan 22 2009 // A Gretna, La., insurance agent has been issued a cease and desist order, notice of license revocation and fine for misappropriation of premiums and felony theft, the Louisiana Department of Insurance reported.Nancy Marie...
Jan 16 2009 // Louisiana Commissioner of Insurance Jim Donelon has named Paul Boudreaux Jr. as the new director of the Insurance Fraud Section at the Louisiana Department of Insurance. Boudreaux replaces Trent Beach who recently took the...
Jan 15 2009 // Increased enforcement on the state’s roadways by Louisiana State Police troopers has led to a decrease in the number of fatal crashes, injury crashes, and even minor property damage crashes, the LSP says.State Police...
Jan 15 2009 // Louisiana Governor Bobby Jindal announced that the state and parish are breaking ground on a three-mile, $6.9 million stretch of the Morganza to-the-Gulf Hurricane Protection System in Chauvin. This project is designed to...
Jan 14 2009 // A new report finds Louisiana is among 15 states to have made progress in enacting key highway safety laws. Arkansas, Oklahoma and Texas did not fare so well.The 55-page study was done by Advocates for Highway and Auto...
Jan 12 2009 // The Federal Emergency Management Agency has announced it would allow mobile homes for hurricane victims in areas that new maps indicate are at risk of future flooding in Cameron Parish. But the occupants must be out of the...
Jan 11 2009 // A federal judge in New Orleans in late December 2008 dismissed an antitrust lawsuit Louisiana’s former attorney general filed against some of the nation’s largest insurance companies after hurricanes Katrina...
Jan 11 2009 // Editor’s Note: For a comprehensive report of mergers and acquisitions for 2008, see Special Report: Agency Mergers in 2008 in the Dec. 22, 2008, edition of Insurance Journal.Brown & Brown, Insurance 1, Alexander...
Jan 8 2009 // Insurance Commissioner Jim Donelon says plans by the state’s so-called “property insurer of last resort” to raise rates by an average of 7 percent in April are appropriate.The much-amended rate increase...
Jan 7 2009 // Louisiana homeowners could receive cash from the unused portion of an expired pot of government money used to lure insurance companies to the state, Insurance Commissioner Jim Donelon said.Donelon estimated the checks...
Jan 5 2009 // The latest look at Louisiana’s state-backed insurance company says lack of board oversight caused a number of problems that hurt the company’s ability to reliably start, authorize, record, process or report...
Dec 30 2008 // Louisiana Medical Mutual Insurance Company reported it will return a 20 percent dividend to all LAMMICO policyholders in Louisiana and Arkansas.Nearly 6,000 policyholders will be affected; the dividend amount is based on...
Dec 22 2008 // Brown & Brown Inc. announced it is acquiring Alexandria, La.-based Insurance 1 Inc. With annualized revenues of approximately $800,000, Insurance 1 focuses on property and casualty, as well as health and life...
Dec 19 2008 // An $849 million Hurricane Katrina recovery program hobbled by red tape and the national credit crunch will seek to issue rebuilding money directly to small landlords without the involvement of banks, officials said Dec....
Dec 18 2008 // Florida-based Brown & Brown Inc. announced it has acquired Alexander & Bolton Inc., of Alexandria, La.Alexander & Bolton, founded in 1890, is one of Louisiana’s longest operating insurance agencies....
Dec 17 2008 // A lawyer was led out of a New Orleans court in handcuffs Dec. 15 after an altercation with another attorney on the rival side of a hurricane insurance case.A state judge in New Orleans held attorney J. Robert Ates in...