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 …
State Farm Insurance has filed a lawsuit against the Texas Department of Insurance after the state agency took the unprecedented move of publicizing on its Web site recent rate hikes by the company. Texas’ largest insurer is seeking to protect …
A Manhattan federal judge dismissed a shareholder lawsuit accusing current and former American International Group Inc. executives and directors of ignoring “red flags,” leading to the insurer’s near collapse and about $180 billion of federal bailouts. U.S. District Judge Laura …
State Farm Fire and Casualty Co. has filed an average 9.9 percent rate increase request for homeowners coverage in Louisiana, according to the Associated Press. State Farm is Louisiana’s largest home insurer with just over 300,000 policyholders. In February, Insurance …
One of the major bills of interest to the surplus lines industry in Louisiana during the current legilative session would clarify the exemption from rate and form filing for providers of excess and surplus insurance in that state. The session …
Hayden Haucke has joined Swett & Crawford’s Dallas operation as a broker in its property practice group. Haucke was most recently with CRC in Dallas handling both inland marine and casualty lines of business. He is a graduate of Louisiana …
A Louisiana court has rebuffed an insurance company’s use of the pollution exclusion and two other exclusions in an “all risk” homeowners insurance policy to deny claims resulting from so-called Chinese drywall. Specifically, the Civil District Court in New Orleans …
Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from Chinese drywall will probably be covered within insurers earnings, …
Property insurance companies would not be allowed to cancel policies or raise rates on homeowners who make damage claims stemming from corrosive Chinese drywall, under two proposed state laws in Louisiana. Bills by state Sen. Julie Quinn, R-Metairie, and Rep. …
Louisiana insurance regulators have served a Denham Springs, La., agent and her agency with cease and desist orders, license revocations and fine notices for alleged misappropriation, misrepresentation and forgery. Michelle Schulin Paul and her agency, The Reed Agency Inc., each …
