Crop of New Agencies Is Defying the Hard Economy and Soft Market The independent insurance agency system is enjoying a resurgence. For years, the number of agencies nationwide declined, but that trend has halted. There were 37,500 agencies in 2008 …
In two separate instances, Louisiana insurance agents recently have been accused of fraud and misappropriating premiums. In one case, the Louisiana Department of Insurance Fraud Section Investigators served Tamara Celeste Wilson, 34, with a notice of license revocation and civil …
America First Insurance, a Liberty Mutual Agency Markets regional company based in Richardson, Texas, has appointed Stephen Stricklen to assistant vice president, Specialty Products. In this position Stricklen will manage the company’s new Farm & Ranch Division, as well as …
The former chief of Louisiana’s state-backed insurance company has pleaded not guilty in a criminal case that accuses him of fraudulently spending the firm’s money for personal travel and entertainment. Terry Lisotta was arraigned Feb. 2 in Baton Rouge on …
Louisiana homeowners stunned by their rising insurance rates should remember that it could be worse. They could live in Florida. State Farm announced recently that it will stop doing business in Florida, the first big firm to follow through on …
The U.S. recession and credit crisis have stalled a financing program created to help Louisiana recover from 2005’s devastating hurricanes, the southern state’s secretary for economic development told Reuters. To urge companies in Louisiana, Alabama and Mississippi to rebuild after …
Lawyers for major insurance companies are asking a federal judge to dismiss a lawsuit that accuses insurers of trying to profit from a grant program for homeowners devastated by Hurricane Katrina. U.S. District Judge Stanwood Duval Jr. heard arguments Jan. …
The Louisiana Superdome authority in New Orleans has filed suit against Merrill Lynch over a $238 million stadium bond issue that exploded in interest costs after the market for government securities dried up last year. The suit, filed in state …
Louisiana was the only state in the country with an increase in nonfarm jobs from November to December 2008, the Louisiana Workforce Commission (LWC) announced. According to the U.S. Bureau of Labor Statistics, Louisiana gained 3,700 nonfarm jobs over the …
Louisiana Insurance Commissioner Jim Donelon won a small victory in state court Jan. 27 in a dispute with the state Legislature’s auditing office. Although he did not rule on the primary issue in the case, 19th Judicial District Judge Todd …
