When they disagree, political veterans in Louisiana’s Capitol often avoid the microphones and have their arguments in private. Not so Jim Donelon and Steve Theriot. Donelon, state insurance commissioner, and Theriot, the legislative auditor, are old friends now engaged in …
Louisiana’s legislative auditor said Jan. 28 he suspects illegal price-fixing has occurred at the state’s taxpayer-backed property insurance company, though he told a legislative panel that he has no proof. Steve Theriot told the Senate Insurance Committee that he believes …
At its final meeting on Dec. 19, the Louisiana Insurance Rating Commission – which will officially be abolished next month – approved homeowners rate increases for two insurance carriers. The Legislature approved a bill this year to dissolve the LIRC …
The former head of Louisiana’s state-backed “insurer of last resort” will refuse to testify before a legislative committee investigating alleged misspending and mismanagement at the firm, his lawyer said Oct. 15. Terry Lisotta, chief executive officer of Citizens Property Insurance …
Facing allegations it’s been mismanaged for years, Louisiana’s taxpayer-backed insurance company will sever its relationship with the agency that has overseen the firm since its inception, the company’s board decided Oct. 11. The move by Louisiana Citizens Property Insurance Corp.’s …
The four major candidates for Louisiana governor have a range of different ideas for eliminating a persistent obstacle to south Louisiana’s hurricane recovery: high homeowners insurance rates. Walter Boasso and Bobby Jindal want to force more insurers to offer homeowners …
Federal agencies will test air quality in trailers housing Gulf Coast hurricane victims, an official said July 20, a day after documents revealed that government lawyers discouraged investigating reports of high formaldehyde levels in them. The Federal Emergency Management Agency …
Louisiana’s legislative auditor claims his investigators have been blocked in their probe of the state-backed “insurer of last resort” by the group whose staffers perform much of the insurance company’s work. Steve Theriot said his investigators have been denied access …
If Louisiana Gov. Kathleen Blanco is offering $100 million to insurance companies, then homeowners deserve a $93 million tax break on the premiums they’ve paid since the 2005 hurricanes, the Senate voted June 25. Senators approved Blanco’s financial incentive plan, …
The Legislature should have oversight of Gov. Kathleen Blanco’s plan to offer $100 million in taxpayer money to insurance companies that agree to write homeowners policies in coastal Louisiana, a Senate committee voted June 22. The Senate Finance Committee amended …
