Louisiana Commissioner of Insurance says a $95 million litigation award against Citizens Property Insurance Company has the potential of creating a disaster for the state-backed insurer of last resort and the state of Louisiana. The litigation, which Donelon called both …
The governing board of Louisiana’s state-backed property insurance firm on Aug. 13 approved a reduction in a fee imposed on policyholders, money that goes to pay off debt incurred because of Hurricane Katrina claims. All property insurance policyholders in the …
A Shreveport, La., area agent has been issued a cease and desist order, license revocation notice and fine notice for alleged misrepresentation, the Louisiana Department of Insurance reported. Tanya Mclain Weems was served by Department of Insurance Fraud Section Investigators …
Back seat passengers will have to buckle up, drivers will need to give a wider berth to bicyclists and slow-driving sightseers will need to stick to the right lane on Louisiana’s highways under the new state traffic laws that went …
The chief executive of Louisiana’s state-backed property insurance company is seeking a 9.2 percent average rate increase for 2010, though he said some policyholders will probably see their rates decrease. John Wortman, CEO of Louisiana Citizens Property Insurance Corp., said …
Iowa, Kansas, Minnesota, Utah and Virginia do the best job handling workers’ compensation injuries, while Louisiana, New Jersey, New York, Oklahoma, Rhode Island, Texas and Wyoming perform the worst. That’s according to the latest report card from the California-based Work …
Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurer, has received regulatory approvals from the Arkansas, Louisiana and Mississippi departments of insurance to convert to a mutual insurance holding company system, consisting of Retailers Casualty Mutual Holding Company and its …
DeRidder, La.-based Amerisafe Inc., which provides workers’ compensation insurance for hazardous jobs, announced that its second-quarter earnings rose slightly and handily beat analysts’ forecasts. For the April-through-June quarter, Amerisafe earned $13.7 million, or 67 cents per share, on revenue of …
Merck & Co has agreed to pay $80 million to settle 190 outstanding claims involving its withdrawn Vioxx pain drug, the company disclosed Monday. The drugmaker, in a filing with the U.S. Securities and Exchange Commission, said it had recorded …
Richardson, Texas-based America First Insurance, a Liberty Mutual Agency Markets regional company, has named John R. Tribble as vice president, Claims. Tribble will oversee approximately 90 claims, field investigation, and adjuster personnel within the company’s six-state operating territory, as well …
