Crews have been using a robot submarine to try to stop an oil leak resulting from the explosion at an oil drilling platform off the coast of Louisiana. The oil is leaking nearly a mile below the surface of the …
Cedar Rapids, Iowa-based insurance company United Fire & Casualty Co. reported a dip in premiums earned in the first quarter of 2010 compared with that in the same period in 2009, but total revenues and net income rose. In the …
Dozens of tornadoes left a path of destruction more than 50 miles long throughout the southern U.S.—including Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee—over the weekend. Ten people were killed in Mississippi. According to catastrophe risk modeling firm AIR Worldwide, …
Hiscox USA has opened a Southeast regional office in Atlanta, Georgia. The office, which is led by Robert Gadaleta will serve as a regional hub for brokers in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. …
The former chief executive at Louisiana’s state-run insurance company has been 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. Terry Lisotta, …
A prohibition against insurance companies dropping coverage for homes or businesses that contain corrosive, Chinese-made drywall has advanced in the Louisiana Senate. The bill by Sen. Julie Quinn, R-Metairie, would bar property insurers from canceling, refusing to renew, or increasing …
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 appellate court ruling could prove costly to …
Louisiana House Bill 285 by Rep. Pearson, which exempts surplus lines from filing rates and forms, has passed the state’s House of Representatives. According to David Tatman, a representative for the Louisiana Surplus Lines Association, the bill passed by a …
Up to a dozen crew members were missing and at least seven were critically injured after an explosion and fire late on April 20 hit a Transocean drilling rig that was working off the Louisiana coast, the U.S. Coast Guard …
Oklahoma State Rep. Ken Luttrell is proposing a complete overhaul of Oklahoma’s worker’s compensation system that would result in sending all workers’ compensation claims to district civil courts. Luttrell has filed an amendment to Senate Bill 1973, expected to be …
