A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of “a-” of DeRidder, La.-based Amerisafe Insurance Group (Amerisafe) and its members. Amerisafe includes American Interstate Insurance Company, Silver Oak Casualty Inc. and …
Institutional investors are continuing to target Massey Energy’s board of directors over an explosion that killed 29 coal miners earlier this month. The New Jersey Building Laborers Pension Fund blames Chairman Don Blankenship and other board members for the April …
U.S. Congressman Charlie Melancon of Louisiana has urged federal administrators to direct disaster funding to Louisiana’s commercial and recreational fishermen as a result of the explosion and oil spill from the Deepwater Horizon rig off Louisiana’s coast. In his letter …
Two bills that would ban the use of handheld cell phones while driving have breezed out of the Louisiana House of Representatives Transportation Committee. Both would allow drivers to talk using hands-free devices. One measure (House Bill 863), sponsored by …
The U.S. Coast Guard said Wednesday five times as much oil as previously estimated was leaking from a well beneath the site of a deadly drilling rig explosion as the slick threatened wide-scale coastal damage for four U.S. Gulf Coast …
Storm-weary Mississippi residents are facing another possible round of severe weather this weekend, only days after tornadoes plowed through the state and left a wide swath of destruction. National Weather Service meteorologist Daniel Lamb said that a “potent” storm system …
A federal judge in Louisiana has ordered a manufacturer of faulty drywall from China to pay more than $164,000 to a Louisiana family as result of damage to their home from the wallboard. The ruling is the second time in …
Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to raise rates 14.9 percent on some …
The Louisiana Senate has passed a measure that would ban against property insurers dropping or changing coverage for homes or businesses that contain Chinese-made drywall, which has been blamed for home corrosion and health concerns. The bill by Sen. Julie …
Transocean Ltd. said Monday its insurance covers the total loss of the Deepwater Horizon oil platform and wreck removal after the rig that burned and sank off the Louisiana coast last week. Wreck removal coverage was only to the extent …
