Louisiana News

Willis Appoints Allen, Gregory, McCubbins to Gulf South Operations

Insurance broker Willis has announced three key appointments to strengthen its Gulf South insurance brokerage operations. Robert Allen has been appointed regional partner, Willis of Alabama, Inc. He will coordinate Willis’ operations in Alabama, Mississippi and Louisiana. Allen will also …

American Strategic Enters Homeowners Market in 3 States

American Strategic Insurance Corp. (ASI) has entered Virginia, Delaware and Georgia residential property markets. The company offers policies for homeowners, renters, condominium owners, seasonal residents and investment property owners through independent agencies. The company also offers flood coverage. ASI, a …

Retailers Casualty Insurance to Offer Workers’ Compensation in Texas

Baton Rouge, La.-based workers’ compensation insurer Retailers Casualty Insurance Co. announced it will begin offering workers’ compensation coverage in Texas. Retailers Casualty, which is managed by Summit Consulting Inc., said it has received all regulatory approvals from the Texas Department …

Louisiana: 63% of Citizens Rebate Still Unclaimed for 2005, 2006

Nearly $355 million in rebates from Louisiana’s property insurer of last resort has not been claimed and state’s top insurance regulator wants people to know about it. Insurance Commissioner Jim Donelon is urging those who have had a property insurance …

How BP’s Gulf Oil Disaster Costs Could Double

Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not ruled out Analysis shows how $50 billion could be added to cost …

Insurer Group Says Louisiana Property Market Shows Signs of Strength

The number of Louisiana property insurance consumers who benefit from the lower rates offered by private insurers is growing as the state’s Citizens Property Insurance Corp.’s (Citizens) depopulation program continues to be a success, according to the Property Casualty Insurers …

Drunk Driving Arrests Up, Fatalities Down in Mississippi

DUI arrests have skyrocketed in Mississippi in the past several years, helping lead to the lowest number of drunken driving deaths in decades. It’s welcome news for a state that has ranked among the nation’s worst in per capita alcohol-related …

Alabama Gets Its Own Insurance Information Service

Many of Alabama’s personal and commercial lines insurers have established the Alabama Insurance Information Service (AIIS), a not-for-profit, non-lobbying trade association to provide news and information to the public. AIIS is based in Montgomery and plans to work primarily through …

Louisana AG Disputes BP Fund’s Push for Claimant Release of Rights

In a letter dated Nov. 17, 2010, Louisiana Attorney General Buddy Caldwell challenged provisions of the Gulf Coast Claims Facility (GCCF) Draft Protocol for Interim and Final Claims that ask claimants to sign a broad release of their rights in …

Final Claims Process for BP Oil Disaster Victims Begins

The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims announced plans Wednesday for processing final payments. Administrator Kenneth Feinberg said in a news release that claimants have a choice, a lump …