Louisiana News

Companies Offer Aid for Haitians; Caribbean Risk Pool Pays $8M

Companies pledged millions of dollars in aid Wednesday to help victims of a powerful earthquake in Haiti that devastated much of the impoverished country’s capital and killed thousands. Digicel Group, a top mobile phone operator in Haiti, said it would …

Practice Patterns of Workers’ Compensation Doctors Affect Costs

Analyzing physicians’ practice patterns may hold valuable clues about how to curb the nation’s rising health care costs, according to researchers at the Johns Hopkins University School of Medicine. According to a Johns Hopkins study published in the January edition …

Best Affirms Fireman’s Fund ‘A’ Ratings

A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Fireman’s Fund Insurance Companies, which includes Fireman’s Fund Insurance Company, based in Novato, Calif. and its intercompany pool participants and …

Inadequate Warning Claims Against Generic Drugs OK Under State Law

A federal appeals court said Friday that patients may sue generic drugmakers under state law for failing to provide adequate warnings about their drugs’ potential side effects, extending a 2009 U.S. Supreme Court ruling governing makers of name-brand drugs. The …

State Farm Seeking 19.1 Percent Statewide Rate Hike in Louisiana

State Farm Fire and Casualty Co., Louisiana’s largest homeowners insurer, has asked insurance regulators for a rate increase that would average 19.1 percent statewide with coastal residents taking the brunt. The Louisiana Department of Insurance will consider the request, which …

Louisiana Parish President Quits Amid Federal Probe with Insurance Ties

Jefferson Parish President Aaron Broussard, a Democrat who rose from small-city mayor to lead Louisiana’s most populous parish, has resigned as federal officials investigated alleged corruption in parish government. His resignation preceded that of Tim Whitmer, who quit as Jefferson’s …

Texas, Louisiana Homeowners Insurance Pricey; Florida Most Expensive

Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium in Louisiana for a standard homeowners policy in 2007, …

Declarations

Weighing the Cost “Certainly there are thousands of drivers out there who can ill-afford this additional cost. That’s always the case. I think that’s outweighed by the tens of thousands who are left uncompensated by the damage that minimally insured …

Louisiana Files Suit Against Surety Bond Insurer with Texas Ties

The Louisiana Department of Insurance filed a lawsuit in late December 2009 against Infinity Surety of Louisiana Inc., Infinity Surety Agency LLC and George D. Black (collectively, Infinity Surety) alleging the firm has been operating as surety insurance company without …

New Markets

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