Entergy Corp. has filed a second suit against the Army Corps of Engineers over flooding that followed Hurricane Katrina, leaving behind hundreds of millions of dollars to power systems and higher rates for hundreds of thousands of electricity customers in …
Despite the complexities of the nation’s worst economic downturn in decades, some Louisiana-based companies are showing surprising growth. The state recently has seen its count of homegrown Fortune 500 companies sprout to three: power provider Entergy Corp., engineering-construction company The …
Louisiana homeowners paid the third-highest home insurance rates in 2006, while Mississippi was hit with the sixth-highest average bill for coverage, according to a report by a national group of state insurance regulators. Although the report is the first since …
The Louisiana Superdome authority in New Orleans has filed suit against Merrill Lynch over a $238 million stadium bond issue that exploded in interest costs after the market for government securities dried up last year. The suit, filed in state …
The Port of New Orleans approved a $97.5 million settlement with a major insurer over damages the port sustained during Hurricane Katrina. The port said Johnston, R.I.-based FM Global had insured it for up to $145 million in hurricane damage …
Former Louisiana Attorney General Charles Foti’s lawsuit contending major insurance companies manipulated prices on hurricane damage claims will remain in federal court, a panel of the 5th U.S. Circuit Court of Appeals ruled in a 2-1 decision. Foti hired private …
A former Louisiana attorney general’s lawsuit that contends major insurance companies manipulated prices on hurricane damage claims will remain in federal court, an appeals court ruled. In a 2-1 decision, a panel of the 5th U.S. Circuit Court of Appeals …
The Port of New Orleans, trying to get back on track after Hurricane Katrina, is locked in a fight with an insurance carrier over more than $100 million in storm damage claims. The port is suing Factory Mutual Insurance Co., …
A judge has approved Entergy New Orleans’ acceptance of up to $200 million in federal storm recovery funds and at least $50 million in insurance payments for Hurricane Katrina damage, a key step in the city’s electricity and natural gas …
Louisiana’s Legislature needs to overhaul the Louisiana Citizens Property Insurance Corp., created by the state as an “insurer of last resort,” because of problems created by last year’s hurricanes, Gov. Kathleen Blanco said Nov. 14. Citizens’ financial woes have led …
