Louisiana Department of Insurance News

Joint Louisiana Insurance Committees to Hear About Hurricane Claims, Pandemic

The insurance committees of the Louisiana Senate and House of Representatives will hear about the impact of multiple 2020 hurricanes and the COVID-19 pandemic on insurance rates in a joint meeting on Dec. 16. Presenters include representatives from the Louisiana …

Cease and Desist Order Issued for Louisiana Agent for Alleged Premium Theft

The Louisiana Department of Insurance has issued a cease and desist order and summary suspension of producers license to a Lake Charles, La., agent for alleged misappropriation of premium funds. Valerie M. Muse reportedly confessed to her employer that she …

Insurance Department: Auto Insurers to Return Over $187M to Louisiana Drivers

The Louisiana Department of Insurance says collectively auto insurers will return more than $187 million in premium to drivers in the state in the form of refunds and rebates on auto insurance policies. Insurance Commissioner Jim Donelon notes that auto …

Bluefire Insurance to Lower Auto Insurance Rates in Louisiana

The Louisiana Department of Insurance has approved the filing by Bluefire Insurance to reduce its auto insurance rates in Louisiana, the company said, The 2.3% statewide rate reduction is effective March 25 Bluefire Insurance describes itself as a managing general …

State Farm Plans Another Auto Insurance Rate Cut in Louisiana

State Farm Mutual Insurance Co. has filed for an overall statewide average private passenger auto insurance rate reduction of 2.6% in Louisiana, according to the state insurance department. The Louisiana Department of Insurance said the filing is pending review. If …

Commissioner: Farm Bureau to Drop Auto Insurance Rates in Louisiana

Louisiana Farm Bureau is following the downward trend in auto insurance rates started by State Farm and Progressive insurance companies, the Louisiana Department of Insurance reported. Louisiana Farm Bureau has filed for a 4.4% rate decrease on 220,000 automobile policies, …

Louisiana Charter School Bus Services Firm Accused in Insurance Fraud Scam

The Louisiana Department of Insurance has served the owners and an employee of Scholars First LLC, a provider of bus transportation services to several New Orleans-area charter schools, with cease and desist (C&D) orders for their alleged roles in the …

Louisiana Insurance Exec Arrested for Theft of Nearly $1M

An insurance business owner and former official for a Louisiana port has been arrested for stealing nearly $1 million from his clients, authorities said. Kristian Gaudet, 45, of Cut Off, was charged with two counts of felony theft, The Courier …

New Task Force to Address High Auto Insurance Rates Louisiana

A new task force created to investigate the high cost of auto insurance in Louisiana held its first meeting on Aug. 21, the Louisiana Department of Insurance reports. The Louisiana High Auto Rates Task Force was formed by Insurance Commissioner …

New Louisiana Law Allows Insurance Agencies to Employ Convicted Felons

A law that goes into effect today in Louisiana allows insurance producers to employ convicted felons if the producer obtains permission or consent in writing from the state insurance commissioner. The Louisiana Department of Insurance reports that before the new …