Louisiana News

Official Drywall Problems

While drywall-related corrosion is clearly evident, the CPSC said long term safety effects are still under investigation. The U.S. Consumer Product Safety Commission is now saying it has found a link between drywall made in China and the home corrosion …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Campgrounds, Dude Ranches & Other Outdoors Risks Market Detail: Hull & Company Inc. has availability …

People

Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the organization were elected at the …

Louisiana Lawmakers, Regulators Responding to Chinese Drywall Issues

The controversy over drywall from China is heating up in Washington and in the Southeastern states most affected by the use of the product following the 2004 and 2005 hurricane seasons, including Louisiana. In a letter to Federal Trade Commission …

Declarations

Disappointed But Happy “While I am disappointed that larger refunds were not ordered, I am very happy that the Commissioner concurred with our position that refunds were due though August 2008 instead of June 2006 as argued by his staff.” …

Federal Judge Holds Corps Responsible in Katrina Flooding Case

A federal judge in Louisiana has ruled that the U.S. Army Corps of Engineers’ failure to properly maintain and operate the Mississippi River-Gulf Outlet (MRGO) was a substantial cause for the flooding of part of the New Orleans-area during Hurricane …

It Figures

2.1 Million More than 2.1 million drop-side cribs by Stork Craft Manufacturing of Canada are being recalled following reports of four infant suffocations, representing the largest ever recall of cribs by the Consumer Product Safety Commission. Sales of the cribs …

Louisiana Non-Resident Producer Licensing Goes Fully Electronic Jan. 1

The Louisiana Department of Insurance is reminding insurers and agents that all non-resident licensing and license renewal requests must be submitted electronically beginning Jan. 1, 2010. The LDOI says the changes are due to the high volume of requests made …

Louisiana Issues Additional Fines Against Marksville Agent and Agency

A Marksville, La., agent and her agency who was fined by the Louisiana Department of Insurance in November for allegedly allowing employees to conduct insurance business without a license has been fined again for similar alleged actions. Pamela Kay St. …

TAPCO Underwriters Expands Into Alabama and Louisiana

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 explained in its announcement that it has …