Flood Lapse “These short putts down a long fairway set a dangerous precedent that leaves homeowners vulnerable.” —David A. Sampson, president and CEO of the Property Casualty Insurers Association of America, commenting on yet another temporary extension of the National …
Washington, D.C.-based Clements International, which specializes in insurance for U.S. expatriates and international organizations, announced four promotions. Dan Tuman, former vice president of commercial insurance, is now vice president of insurance sales. He joined Clements International in 2000 and has …
The North Atlantic hurricane season begins June 1 and lasts through November 30. Facts from the U.S. Census Bureau highlight the number of people living in areas that could be most affected by these dramatic acts of nature. 36.2 Million …
No Policy Dumping “I don’t think you should be able to dump these policies because it harms your profit.” —Louisiana State Sen. Elbert Guillory, D-Opelousas, comments on a bill prohibiting insurance companies from dropping coverage for homes or businesses that …
Louisiana House Bill 285 by Rep. J. Kevin Pearson, R-Slidell, which exempts surplus lines from filing rates and forms, has passed the state’s House of Representatives. The Louisiana Surplus Lines Association supports the bill, which exempts surplus lines insurance delivered …
30 Terry Lisotta, former CEO of Louisiana Citizens Property Insurance Corp. was sentenced to 30 months in prison for improperly spending more than $29,000 of the company’s money on lavish meals, trips, sports tickets and his daughter’s prom party. He …
The 4th Circuit Court of Appeals tossed out the $35 million settlement of two class action lawsuits against Louisiana Citizens Property Insurance Corp., saying the deal was not fair to some policyholders. The ruling could prove costly to Citizens, which …
A massive oil slick from a blown-out well in the Gulf of Mexico is expected to reach a wildlife reserve at the mouth of the Mississippi River Thursday as it threatens the environmentally delicate coastline of Louisiana and three other …
Shrimpers in Louisiana and Alabama have filed class-action lawsuits against oil giant BP Plc and owners of the drilling platform that exploded in the Gulf of Mexico, as claims for economic losses anticipated from the disaster began to mount. Two …
BP Plc will compensate all those affected by an oil spill from one of its wells in the Gulf of Mexico, its chief executive said, accepting the disaster could hit plans to open new areas off the U.S. coast to …
