Louisiana News

Louisiana Insurance Department Appoints Cherry to Direct Public Affairs

Louisiana Commissioner of Insurance Jim Donelon has named Lori Joubert Cherry to serve as Deputy Commissioner of Public Affairs where she will manage the department’s public relations activities. Her appointment was effective Jan. 25, 2010. Cherry has worked as a …

Mississppi Judge in Scruggs’ Downfall Looks Back on Career

Outside Mississippi’s 3rd Judicial District, Henry Lackey is best known as the judge whose integrity and intrepidness led to the downfall of famed trial lawyer Dickie Scruggs and several colleagues. In his hometown of Calhoun City, they knew him first …

Hurricane Ike Claims Total Nearly $12B in Texas

Hurricane Ike, which struck Galveston on Sept. 13, 2008, has proved to be the costliest weather catastrophe in Texas history by a large margin. The storm racked up nearly $12 billion in windstorm and flood insurance claims in the state. …

Louisiana Comp Costs Per Claim 35% Higher than Most States

The costs per all paid workers’ compensation insurance claims in Louisiana averaged 35 percent higher than the typical study state, according to a Massachusetts-based research group that studies workers’ comp. In its “CompScopeBenchmarks for Louisiana, 10th Edition,” the Workers Compensation …

New Orleans Hospital Settles Post-Katrina Wrongful Death Lawsuit

Pendleton Memorial Methodist Hospital in New Orleans and its corporate parent have settled a wrongful-death lawsuit brought by the family of a 73-year-old woman who died after Hurricane Katrina left the hospital without electricity. Terms of the settlement with Althea …

Audit Questions Security of Louisiana Citizens’ Computer Systems

Louisiana’s property insurer of last resort allowed too much access to computer systems, opening the door for potential fraud, and failed to take enough steps to make sure that policy applicants were eligible for coverage, according to a state audit …

Tapco Opens Underwriting Service Center in Dallas

Tapco Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, transaction-based excess and surplus insurance lines, is opening an underwriting service center in Dallas, Texas. Tapco veteran Ellen McBride will manage the Dallas office. McBride has more than 25 …

Counties with Levees Are Some of the Nation’s Most Economically Sound, Report Says

Hundreds of levees around the United States protect vulnerable areas and tens of millions of people from potentially devastating floods. Yet hardly anyone gives them a second thought until one is breached. The most glaring example is the wreckage that …

New Markets

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Report: Counties with Levees Are Among the Nation’s Most Economically Sound

Flooding Costs Are Outweighed by Regional Economic Benefits There are hundreds of levees around the United States that protect vulnerable areas and tens of millions of people from potentially devastating floods each year. Yet hardly anyone gives them a second …