7% Louisiana Citizens Property Insurance Corp. board has approved a 7 percent increase in statewide average homeowners rates. The company initially wanted a 14 percent increase, but the insurance department rejected that amount as unjustifiable. The state-backed insurer must submit …
The Louisiana Workers’ Compensation Corporation (LWCC) announced that Kevin Paul Hale of Baton Rouge, La., has been selected as the 2008 recipient of the Stephen W. Cavanaugh Scholarship. LWCC established the Stephen W. Cavanaugh Scholarship Fund in 2006 in honor …
Willis HRH, the North American retail division of Willis Group Holdings, the global insurance broker, has named Mike Phillips as regional growth leader for its South Central Region and David Hofele as regional growth leader for its West Region. Phillips …
Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Since it couldn’t beat independent agents and brokers — who dominate sales in this segment — Liberty Mutual has decided to join them. …
Errors in the loading of tax data resulted in a need to re-examine the eligibility of more than 12,500 Road Home applicants, according to a state legislative auditor’s report that also raised other questions about the reliability of data – …
A Gretna, La., insurance agent has been issued a cease and desist order, notice of license revocation and fine for misappropriation of premiums and felony theft, the Louisiana Department of Insurance reported. Nancy Marie Coleman, 35, was served by the …
A combination of hurricanes and severe thunderstorms pushed claims to exceed $10 billion for Texas property and casualty insurers in 2008. The losses in Texas exceeded all of the industry’s catastrophic losses for the U.S. in 2007. Gary Kearney, assistant …
U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade, according to preliminary analysis by ISO’s …
Louisiana Commissioner of Insurance Jim Donelon has named Paul Boudreaux Jr. as the new director of the Insurance Fraud Section at the Louisiana Department of Insurance. Boudreaux replaces Trent Beach who recently took the position of director of the Property …
Nebraska has fallen out of the mainstream when it comes to smoking-related laws, but that could change. Thirty-seven states have passed laws requiring that all cigarettes sold in their states be fire-safe. Nebraska is not among them, but the state …
