Louisiana News

Commercial Alliance Insurance Names Deal as Bond Manager in Dallas

Commercial Alliance Insurance Company (CAIC Surety) has named Richard Deal as the Bond manager of its Dallas office. Deal joined CAIC Surety in July 2008 to expand the company in the North Texas region. From Dallas, CAIC will be better …

Toy Makers Settle Lead-Contaminated Toy Lawsuit

California Attorney General Edmund G. Brown Jr. and Los Angeles City Attorney Rocky Delgadillo have reached a settlement with Mattel Inc. and several other toy makers that will “safeguard California’s children” from lead-contaminated toys this Christmas. Although a new federal …

Agents Speak Out on ‘Putting Back the Pieces’ after Brooke

“Technically, Brooke Franchise owes me $7 million, but who knows if I will ever see it,” said Roger Cunningham, former Brooke franchisee and agent/owner of RKC Financial in the Dallas/Fort Worth Texas, area. Cunningham, like many Brooke franchise owners, is …

Louisiana Regulators Take Auto Theft Awareness to Public Schools

The Department of Insurance Louisiana Automobile Theft and Insurance Fraud Prevention Authority (LATIFPA) has been conducting presentations at middle schools in Bossier City, Benton and Plain Dealing on Auto Theft Prevention Awareness. The program began Dec. 2 and concludes today. …

Mississippi Insurance Chief Chaney Reports Progress in Rebuilding Markets

One year after he was elected, Mississippi Insurance Commissioner Mike Chaney says his state has made progress in rebuilding its insurance markets that were ruined by the 2005 hurricanes. Mississippi has done this by modernizing its wind pool, emphasizing building …

Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan

Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to stabilize the state’s coastal property insurance market. Insurance executives told …

Bright Spots and Challenges Go Hand in Hand in Louisiana

Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation …

Central Texas-Based MGA Adds Great American Markets

TAGA, an independent privately-owned managing general agency based in the Austin, Texas, area, announced it is now managing general agent for Great American Insurance Group to offer admitted property and inland marine markets. Great American Insurance Group is rated A …

Donegal Group Acquires Sheboygan Falls Insurance Company

Donegal Group Inc. recently reported that it had completed the acquisition of all of the outstanding capital stock of Sheboygan Falls Insurance Co. The acquisition was approximately $12 million, which includes a surplus contribution of $8.5 million to support the …

Louisiana Revises Online Auto, Homeowners Comparison Rate Guides

Louisiana Commissioner of Insurance Jim Donelon announced revised online auto and homeowners rate comparison guides are now available for viewing on the Department of Insurance Web site at www.ldi.state.la.us. “The rate guides provide premium quotes from top carriers of auto …