Louisiana News

Mississippi Warns Against Buying Damaged Cottages in Louisiana Auction

The Mississippi Emergency Management Agency is discouraging people from purchasing Mississippi cottages for housing at an auction in Louisiana next month because the units were damaged by Hurricanes Gustav and Ike. MEMA Director Mike Womack cautioned potential buyers that these …

People

Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …

People

Luke Proctor has been named president of Signature Select LLC, a new retail insurance subsidiary of Wichita, Kan.-based IMA. Proctor joined The IMA Financial Group in 2003 in the management development program, eventually focusing on strategic planning and special projects. …

States Gear Up for Stimulus Package

Impact on Insurance Industry May be Minimal, Experts Say The $787 billion stimulus package passed by Congress looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that the stimulus bill will jump-start spending, some …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

La. Regulator Reminds Homeowners About Citizens’ Tax Break

Louisiana homeowners have several ways to save money on their 2008 taxes. State Insurance Commissioner Jim Donelon is reminding homeowners that they can get a tax rebate if they were charged a Louisiana Citizens Property Insurance Corp. assessment last year. …

La. Court: Rapper Must Turn Over Financial Records

A New Orleans federal magistrate has ordered rapper Lil Wayne to turn over financial records for one of his albums to a folk singer, who accuses him of copyright infringement. U.S. Magistrate Daniel Knowles III on Wednesday said Karma Ann …

Auto Loan Delinquency Rate Up Nearly 9%

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. And the numbers point to auto delinquencies shooting to …

West Virginia Lawmakers Delay Drunk Driver Lock Expansion

A proposal to put interlocks in the vehicles of every West Virginian convicted of drunken driving appears to be on hold this year while lawmakers await the results of an earlier expansion of the program. But a West Virginia University …

The Paradox of Flood Insurance Coverage

Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know are wrong, and, particularly …