Louisiana News

Few Lawmakers Support Tougher Nebraska Liquor Liability Law

Few Nebraska lawmakers participating in an Associated Press survey say they support legislation making liquor license holders liable for serving intoxicated customers who leave their establishments and hurt themselves or others. But one lawmaker has plans to introduce a proposal …

People

The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the day he graduated from the University …

Business Moves

TAPCO Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company says it has the ability to …

Panel Restores Louisiana Agent’s License; Says No Evidence for Suspension

A Shreveport, La.-area insurance agent’s license was reinstated after an administrative law panel found no evidence that it should have been suspended by the Louisiana Department of Insurance. The department suspended the license of Tanya Mclain Weems in August 2009 …

North Dakota Has 3rd Lowest Auto Insurance Rates, Commissioner Says

North Dakota Insurance Commissioner Adam Hamm says drivers in his state are still paying among the lowest auto insurance premiums in the nation, according to the “Auto Insurance Database Report 2006/2007” recently issued by the National Association of Insurance Commissioners. …

Louisiana Workers’ Comp Insurer Says Claims Fell 4% in 2009

Baton Rouge, La.-based LUBA Workers’ Comp policyholders’ claims fell more than 4 percent in 2009 compared with 2008. The company said several of the top categories of accidents dropped as well. Slips, trips and falls – the single biggest category …

Chinese Drywall Lawsuit Filed in Louisiana but Most Claims Are in Florida

On Jan. 6, the WCI Chinese Drywall Trust, an entity formed in bankruptcy proceedings of residential homebuilder WCI Communities Inc., announced it had filed suit against 14 insurance companies seeking indemnification for losses arising from claims related to allegedly defective …

Louisiana Medical Mutual Declares 10% Dividend to All Policyholders

For the third consecutive year, the Louisiana Medical Mutual Insurance Company will be returning a dividend to all LAMMICO policyholders in Louisiana and Arkansas. Nearly 6,000 policyholders will receive a 10 percent dividend of a policyholder’s written premium. The total …

New Orleans Metro Area Ties for Lowest Unemployment Rate

The New Orleans metro area tied for the lowest unemployment rate among the nation’s largest metropolitan areas, according to a report released by the federal Bureau of Labor Statistics. The Louisiana Workforce Commission reported that the unemployment rate for the …

WCI Chinese Drywall Trust Files Suit Against 14 Insurers

The Trustee for the WCI Chinese Drywall Trust has filed suit against 14 insurance companies in U.S. District Court, Eastern District of Louisiana, seeking indemnification for losses arising from claims for the development and sale of homes allegedly containing defective …