Louisiana News

Risk, Reward and Reflection

Lessons Gained from the Current Economic Storm The property/casualty business has never been easy. As history shows, the underwriting community has been successful in creating and delivering insurance products that give consumers and business owners peace of mind. Over time, …

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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …

Louisiana Citizens Depopulation Portal Closes on June 15

The Louisiana Citizens Property Insurance Corporation, the state’s property insurer of last resort, says the Web site portal insurance agents use to authorize the transfer of policies to private insurers is slated to close June 15. The Louisiana Legislature created …

Louisiana Bill Would Pay Doctor Wrongly Accused of Killing Patients

A measure that would dole out nearly $457,000 in state funds to pay legal fees for a doctor who was accused of killing patients stranded at a New Orleans hospital after Hurricane Katrina is one step from final legislative passage. …

Ark-La-Tex Underwriters Adds Fenley as Marketing Director

Shreveport, La.-based Ark-La-Tex Underwriters Inc. (ALTU) announced that Jim Fenley has joined the firm as marketing director. Fenley has more than 30 years of experience with insurance wholesalers in Texas. He has held various positions with general agencies, including service …

New Officers to Lead Louisiana Insurance Professionals Association

The Insurance Professionals of Shreveport/Bossier City, Louisiana, recently installed new officers and honored its award winners for the year. Incoming officers are: President Jan Edwards of Pelican General Agency; President-Elect Lee Runge of Louisiana Workers’ Compensation Corporation; Treasurer Teri Rhodes …

Louisiana House Votes to Repeal Motorcycle Helmet Law

The Louisiana House of Representatives has approved a measure that would allow adult motorcyclists to ride without helmets, so long as they have health insurance and $100,000 in liability insurance coverage. The House voted 64-33 to repeal Louisiana’s current requirement …

Irwin Picked to Manage New FNBB Insurance Agency

First National Bankers Bankshares Inc., based in Baton Rouge, La., has hired Delvan Irwin to the position of senior vice president for its newly-established FNBB Insurance Agency LLC. Irwin brings 20 years of experience in the insurance and financial services …

Texas Mutual Offers Free Safety Resources to Oil and Gas Industry

Austin, Texas-based Texas Mutual Insurance Company has added free safety training resources for the oil and gas industry on its Web site at texasmutual.com/safety/rtmain.shtm. Texas Mutual noted that between 2003 and 2006, the oil and gas industry’s workplace fatality rate …

P/C Insurers Apply Lessons from Hurricane Katrina

The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane Katrina. Experts on a panel moderated by Louisiana Insurance Commissioner Jim …