Louisiana News

CNA Appoints New Commercial Underwriting Officers

Chicago-based CNA Financial Corporation has appointed new commercial underwriting officers in several branch offices. The following commercial underwriting officers are scheduled to begin their new roles in April: Jamie Gibbins has more than 20 years of insurance experience. She began …

Brown & Brown Elects Bridges Western Regional President

The Board of Directors of Brown & Brown Inc. has elected C. Roy Bridges regional president responsible for most of the company’s retail operations in the western United States. He will continue to have regional oversight responsibility for certain offices …

Louisiana Citizens Insurance OKs 7% on Average Rate Hike

Homeowners who are dependent on Louisiana’s property insurer of last resort will see rates increasing by an average7 percent statewide. However, rate increases – as well as decreases – will vary widely, especially in southeastern Louisiana where Louisiana Citizens Property …

Florida’s Federated National Gets $10 Million in Capital; Rating Affirmed

Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced notice from Demotech, Inc., a rating agency, requiring that FNIC obtain additional …

Business Moves

21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from HomeWise Preferred Insurance Co. Terms of the transaction …

Homeowners Advised to Gut Homes Built with Chinese Drywall

Federal safety officials are advising homeowners with Chinese drywall to completely remove the tainted product and replace all electrical components and wiring, gas service piping, fire suppression sprinkler systems, smoke alarms and carbon monoxide alarms. The advice comes from the …

Korean Oil Tanker Believed Hijacked by Somali Pirates

South Korea’s Foreign Ministry said a South Korean-owned oil tanker with 24 sailors aboard is believed to have been hijacked by Somali pirates. The ministry said the hijacking is thought to have occurred on Sunday about 930 miles (1,500 kilometers) …

Arrested Texas Bond Company Owner Cited in Louisiana Case

A 41-year-old Fort Worth man arrested in March owns the bonding company that cost the New Orleans-based low bidder a contract to build a new $35 million terminal at Monroe Regional Airport. George Douglas Black Sr. was arrested March 26 …

Arguments to Lift Alcohol Ban Along Rivers Reach Mississippi High Court

A ban on alcohol along popular canoeing and rafting rivers in south Mississippi’s Pike County is illegal, the attorney for two outfitting business told the state Supreme Court this week. Alfred L. Felder of McComb, representing Ronnie Perry of Gator’s …

Louisiana Agent Arrested; Faces 48 Counts, $10K in Fines

A Lafayette, La., insurance agent has been arrested, and served with a cease and desist order, license revocation and fine notice for alleged misappropriation, misrepresentation and forgery, the Louisiana Department of Insurance reported. Joseph Stephen Buck, 26, was arrested by …