Louisiana News

Louisiana State Auditor: Insurance Department Owes $692K in Dispute

The Louisiana Department of Insurance owes $692,000 for legal fees and other costs in a dispute with the Office of the Legislative Auditor over access to internal documents. Insurance Commissioner Jim Donelon sued the auditor’s office in 2007 in an …

Citizens to Pay Class Action Attorneys, Rather than Post Appeal Bond

Louisiana Citizens Property Corporation will now pay a group of attorneys in a class action lawsuit $6 million in order to go forward with the appeal of a $95 million award against the state backed insurer of last resort for …

Louisiana Citizens Set to Appeal $95M Judgment; No Assessment Needed

The Louisiana Citizens Property Insurance Corporation will file an appeal today of a $95 million award in a class action lawsuit that accused the state-backed property insurer of last resort of taking too long to pay claims after Hurricane Katrina …

States Give ‘Thumbs Up’ to Fingerprinting Insurance Producers

Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be drunk drivers, robbers, forgers, possibly even rapists. They got their producer licenses in states that did not ask them for their …

Specialty Risk Associates Is Expanding Management Team

Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team that will become effective Sept. 1. Thomas Garland was named chief operating officer. Garland joined Specialty Risk in 2004 as vice president of Marketing and Underwriting …

Central Texas MGA Adds New Carriers for Various Product Lines

Tejas American General Agency (TAGA), an independent privately-owned managing general agency based in the Austin, Texas, area, has recently added three new markets – Insurors Indemnity, Gotham Insurance Company and Accident Fund – which provide access to coverage for a …

California Insurance Firms Help LA Firemen Stay Fit

Policemen may have the donut problem. But it is firefighters who get all the love these days, as evidenced by the $24,378 gift from Worldwide Facilities, Inc., and Fireman’s Fund Insurance Co. to the Los Angeles Fire Department to purchase …

Major Storm Activity Could Bring Silver Lining of Price Hikes for Insurers

The first hurricane of the 2009 Atlantic season may end up skipping past the United States, leaving insurers to hope that the next ominous storm clouds will come ashore with a silver lining. Insurers can face billions of dollars in …

Gulf Coast Can’t Forget Hurricane Camille of 40 Years Ago

Scouring an aerial photograph taken three days after Hurricane Camille crashed ashore on Mississippi’s Gulf coast, Richard Rose points to the spot where his father’s body washed into the chimney of a ruined home. Rose was only 10 when one …

Foremost’s Distinct ChoiceAuto Program Available in Louisiana

Foremost Insurance Group has rolled out its new DistinctChoice Auto program in Louisiana. The auto program features increased limits, deductible options and the important coverages that drivers want. The new DistinctChoice Auto program offers broad eligibility and popular discounts. Some …