Latest Louisiana Headlines
All the headlines from our Louisiana Topic Page, ordered by recency.
Some in Louisiana to See Lower Fire Insurance Rates
Jul 21 2014 // Louisiana insurance regulators say St. Charles Parish homeowners can expect significant rate reductions in their fire insurance premiums, effective Aug. 11. Commissioner of Insurance Jim Donelon says the new rates will...
State Farm Hurricane Deductibles in Louisiana Jump to 5%
Jul 21 2014 // State Farm’s 308,000 Louisiana homeowner’s customers are confronting an unpleasant change: their policies now include a mandatory 5 percent hurricane deductible. State Farm spokesman Gary Stephenson told The...
Peremption for Me, But Not for Thee
Jul 21 2014 // The Difference Between Insurance Agents and the Insurers They Represent Hurricane season 2014 had barely begun when Hurricane Arthur formed and wreaked havoc along the East Coast during the 4th of July weekend. Whether the...
Surplus Lines Tax Sharing Solution Still Up for Debate
Jul 21 2014 // Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has...
Louisiana Commissioner Asks State Farm to Offer Lower Hurricane Deductible
Jul 17 2014 // Insurance Commissioner Jim Donelon has asked State Farm Fire and Casualty Co. (State Farm) to offer its Louisiana policyholders Louisiana the option of a 2 percent hurricane deductible on their homeowners’ insurance...
Louisiana Parishes Buying Out Flood Prone Homes
Jul 16 2014 // Terrebonne Parish in Louisiana has a $4 million grant it’s using to buy nine storm-damaged or flood-prone homes throughout the parish. Lafourche Parish has a similar program, but only two households are...
Ratings of Louisiana-Based Imperial Fire and Casualty Upgraded
Jul 11 2014 // A.M. Best removed from under review with positive implications and upgraded the financial strength rating (FSR) to A- (Excellent) from B+ (Good) and the issuer credit rating (ICR) to “a-” from...
State Farm Increases Hurricane Deductible in Louisiana to 5%
Jul 10 2014 // One month into the hurricane season, State Farm’s 308,000 Louisiana homeowner’s customers are confronting an unpleasant change: their policies now include a mandatory 5 percent hurricane deductible. State Farm...
Louisiana’s Calcasieu Parish to Pass School Athletic Insurance Costs to Parents
Jul 10 2014 // The Calcasieu Parish School Board has voted to eliminate the district’s student athletic insurance policy because of rising premium costs and budget constraints. The Calcasieu Parish School Board has voted to...
6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic
Jul 10 2014 // More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is...
Atlantic Specialty Lines Opens New Louisiana Office with Danny Gendusa to Lead Initiative
Jul 10 2014 // Hammond, LA, 7/10/14– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, continues its expansion by...
Louisiana Won’t Disclose Oil Train Transport Records
Jul 9 2014 // Louisiana officials are refusing to disclose the details of crude oil shipments railroads haul through the state. The state Department of Public Safety and Corrections says the information freight railroads are required to...
Louisiana Parish Updates Post-Evacuation Re-Entry Plan for Businesses
Jul 7 2014 // Terrebonne Parish in Louisiana has a new emergency re-entry process for companies attempting to reopen after a mandatory hurricane evacuation. The Courier reported placards would replace company picture ID badges and would...
Louisiana School Board Settles Lawsuit In Librarian Incident
Jul 3 2014 // The Baker School Board has voted to settle a Louisiana suit filed against the board by a parent who alleged a Baker Heights Elementary School librarian choked her son in 2011. Attorney Winston DeCuir (day-KWEER’),...
Risk Management Privatization Saves $16M in Louisiana, Audit Shows
Jul 2 2014 // A new audit says Louisiana has saved nearly $16 million in the first three years of a privatization contract for the Office of Risk Management, the state’s self-insurance agency. Gov. Bobby Jindal’s...
Louisiana River Boat Parade Back On, Town Taking Responsibility
Jun 30 2014 // The False River Fourth of July Boat Parade in Louisiana is back on after event organizers feared they would have to cancel it this year. New Roads Mayor Robert Myer told The Advocate the city is stepping in to take over...
Purchase Brings Ratings Review of Louisiana’s Imperial Fire and Casualty
Jun 30 2014 // A.M. Best has placed under review with positive implications the financial strength rating (FSR) of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of Imperial Fire and Casualty Insurance Company...
Ratings Recap: Berkshire Hathaway Homestate, Rural Community, Imperial Fire
Jun 30 2014 // A.M. Best has affirmed the financial strength rating of ‘A++’ (Superior) and the issuer credit ratings of “aa+” of Omaha-based Berkshire Hathaway Homestate Insurance Company, and its five property...
Louisiana City Enforcing Junked Vehicles Law
Jun 27 2014 // Lafayette, La., police are once again enforcing a law against rusting and broken-down vehicles. The move comes seven years after a lawsuit put the anti-blight effort on hold and forced a reworking of the city’s...
$5.9M Settlement Proposed in Acadian Ambulance Lawsuit
Jun 27 2014 // A hearing on a proposed settlement in the $5.9 million class action lawsuit against Lafayette-based Acadian Ambulance company is scheduled for today in Louisiana’s Avoyelles Parish. The Advertiser reports 440...
