August 4, 2009
Louisiana Governor Bobby Jindal awarded six grants totaling $3,862,223 to East Feliciana Parish that will go towards hurricane recovery efforts, hazard mitigation and infrastructure improvements. The six grants awarded include a Community Development Block Grant (CDBG) totaling $3,011,480, Hazard Mitigation …
August 3, 2009
Lawyers for a Louisiana couple whose home was destroyed by Hurricane Katrina are asking the U.S. Supreme Court to uphold a jury’s award for allegations that an insurance company acted in bad faith when it denied their homeowner claim. In …
August 3, 2009
State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into question the effectiveness of state regulation of the insurance giant. The …
August 3, 2009
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
August 3, 2009
Met Life MetLife Inc. is combining its institutional and individual businesses, as well as its auto and home insurance unit, into a single U.S. business organization. William J. Mullaney, who has served as president of MetLife’s Institutional Business since January …
August 3, 2009
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. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …
August 3, 2009
Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C Revenue 2008 Rank by Revenue …
July 31, 2009
Louisiana Insurance Commissioner Jim Donelon has lost a legal fight with the state’s legislative auditor and said that he’ll give auditors “hundreds of thousands” of documents they demanded from his agency. State District Judge Todd Hernandez has ruled that Legislative …
July 31, 2009
The Insurance Professionals of Shreveport/Bossier (Louisiana), a chapter of the National Association of Insurance Women, International, has installed the following officers for the 2009-2010 term: Jan Edwards, senior underwriter for Pelican General Agency, was installed for a second term as …
July 30, 2009
Louisiana’s Jefferson Parish now has $7.2 million with which to raise 40 homes out of the danger of floods. The money was awarded to the parish by the Federal Emergency Management Agency and the Louisiana Recovery Authority. Officials say the …