Louisiana News

Business Moves

Editor’s Note: For a comprehensive report of mergers and acquisitions for 2008, see Special Report: Agency Mergers in 2008 in the Dec. 22, 2008, edition of Insurance Journal. Brown & Brown, Insurance 1, Alexander & Bolton Brown & Brown Inc. …

States Rate Poorly on Consumer Insurance Information on Web

A national consumer group says state insurance departments vary in the quality of the information they provide consumers online, with differences in the usefulness of information such as the rates and practices of individual insurance companies. According to the Consumer …

Business Moves

CRC Insurance, TAPCO Underwriters CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., plans to acquire TAPCO Underwriters Inc. The transaction was to be completed Dec. 31. Terms were not disclosed. …

Business Moves

Editor’s Note: For a comprehensive report of mergers and acquisitions for 2008, see Special Report: Agency Mergers in 2008 in the Dec. 22, 2008, edition of Insurance Journal. Euclid Insurance, Illinois American Insurance Agency Euclid Insurance Services Inc., has acquired …

Business Moves

The following mergers are in addition to those reported for the 2008 calendar year in Insurance Journal’s year-end issue, Dec. 22, 2008. CRC Insurance, TAPCO Underwriters CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch …

Irwin Siegel Agency Enhances Social Service Insurance Package

Rock Hill, N.Y.-based Irwin Siegel Agency Inc. has enhanced its social service insurance package. Enhanced coverage and options include: Upgrade to Green endorsement, youth accident coverage and an enhanced property form. The Upgrade to Green endorsement is designed to ease …

Louisiana Commissioner: 7 Percent Hike Appropriate for Citizens

Insurance Commissioner Jim Donelon says plans by the state’s so-called “property insurer of last resort” to raise rates by an average of 7 percent in April are appropriate. The much-amended rate increase plan will raise an extra $15.3 million for …

Louisiana Homeowners to Get Cash From Insurance Incentive Fund

Louisiana homeowners could receive cash from the unused portion of an expired pot of government money used to lure insurance companies to the state, Insurance Commissioner Jim Donelon said. Donelon estimated the checks would total $50 or more, though he’s …

Williams Promoted to Commercial Underwriter at First Premium

Covington, La.-based First Premium Insurance Group Inc., a growing regional property and casualty insurance broker and certified managing general agent, has promoted Kellie Williams to commercial underwriter. Kellie first joined the staff of FPIG as an assistant underwriter in the …

2008: Top Stories of the Year

2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …