Louisiana News

Arrowhead Wholesale Offers Small Firm Architects & Engineers Product

San Diego-based brokerage Arrowhead Wholesale Insurance Services LLC (AWIS) has added a new product to complement its focus on architects and engineer-related industries, targeting smaller low-hazard firms. The architects and engineers professional liability policy includes a full occurrence business owners …

U.S. Lawmakers Seek Ban on Tainted Chinese Drywall

U.S. Sens. Bill Nelson, D.-Fla., and Mary Landrieu, D.-La., have filed legislation for a recall and immediate ban on tainted building products from China, as more and more people around the country are reporting problems in their homes built with …

Insurance Case Leads to $8K Ethics Fine for Former Louisiana Senator

The Louisiana Board of Ethics is seeking an $8,000 civil penalty against former state Sen. Derrick Shepherd for failing to disclose his legal work for convicted bond broker Gwendolyn Moyo in her dealings with the Louisiana Department of Insurance. Shepherd, …

Home-Elevation Grants Increased to $100,000 in Louisiana

Louisiana officials say they will let applicants for a federal home-elevation grant program collect as much as $100,000 for raising their houses above base flood levels, rather than the $30,000 cap the state originally imposed. Paul Rainwater, executive director of …

Louisiana Insurance Agent Accused of Misappropriating Premiums

A Vidalia, La., insurance agent has been issued a cease and desist order, license revocation and fine notice for alleged misappropriation of insurance premiums. William Christopher Jackson, 38, was served by Department of Insurance Fraud Section Investigators twith an order …

Seven Alabama Counties Due Flood Mapping Funds

Seven Alabama counties will benefit from some $5.8 million in federal money for flood map modernization. Officials say the grant will come from the Federal Emergency Management Agency and be routed through the state’s floodplain mapping program, based at the …

Duson, La., Improves Fire Protection; Lower Premiums Expected

Residents in Duson, La., can expect lower fire insurance premiums in the future. The Louisiana Department of Insurance says the town’s fire protection rating has improved from a Class Five to a Class Four. That means that policyholders will have …

Louisiana Agents See More Drivers Dropping Insurance

The Louisiana Workforce Commission said initial claims for unemployment insurance rose 3.4 percent for the week ending March 28 and remained at rates approaching double of those from a year ago. And amid these tough economic times insurance agents in …

Cat 5 Litigation in the Forecast?

As 2008 Hurricane Claims Enter Court and New Season Approaches, Katrina Issues Linger The 2008 hurricane season was the sixth most active tropical storm season recorded since data collection began in 1851. Six storms made U.S. landfall in 2008. They …

Auto Loan Delinquency Rate on the Rise

The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with the prior-year period, according to credit reporting agency TransUnion. The numbers point to auto delinquencies shooting to their …