An $849 million Hurricane Katrina recovery program hobbled by red tape and the national credit crunch will seek to issue rebuilding money directly to small landlords without the involvement of banks, officials said Dec. 17. The Louisiana Small Rental Program …
Florida-based Brown & Brown Inc. announced it has acquired Alexander & Bolton Inc., of Alexandria, La. Alexander & Bolton, founded in 1890, is one of Louisiana’s longest operating insurance agencies. With annualized revenues of approximately $1.3 million, Alexander & Bolton …
A lawyer was led out of a New Orleans court in handcuffs Dec. 15 after an altercation with another attorney on the rival side of a hurricane insurance case. A state judge in New Orleans held attorney J. Robert Ates …
Hallmark Financial Services Inc. (Hallmark), based in Fort Worth, Texas, reported its subsidiary TGA Insurance Managers Inc. (TGA) will start issuing excess and surplus lines policies through its affiliate Hallmark Specialty Insurance Company (HSIC) in Texas and Louisiana, beginning Jan. …
The widow of a construction foreman who died in October after he and nine other workers fell from the bridge they were building filed a lawsuit against the state of Louisiana and two companies involved in the project. The wrongful-death …
Officials say ticket-generating cameras that photograph drivers cruising through red lights have helped make Jefferson Parish, La., roads safer in the past year. Parish council Chairman John Young says the steady decline in citations means fewer people are running red …
Progress made to better protect the country from disease outbreaks, natural disasters, and bioterrorism is now at risk, due to budget cuts and the economic crisis, according to a new report. The report concludes that major gaps remain in many …
Premiums charged by the National Flood Insurance Program (NFIP) are inadequate to cover the risk and the program should re-examine its methods for setting rates, according to the U.S. Government Accountability Office (GAO). The 2005 hurricanes left the NFIP with …
Hurricane Katrina’s devastation sparked a sweeping planning survey in Louisiana that called for improved transit operations, stronger land-use policies and coordinated state work to make it all happen. The 2007 effort, called Louisiana Speaks, won national planning awards and received …
The former chief of Louisiana’s state-backed insurance company was booked on 14 counts of theft and released from custody on bond, as he prepares to fight allegations that he fraudulently spent about $30,000 of the firm’s money for personal travel …
