Louisiana News

Fight Over Gulf Oil Disaster Liability Heats Up

Scores of attorneys jammed a federal courtroom in New Orleans on Sept. 16 to argue for almost immediate access to e-mails and other documents from BP Plc and its business partners as the legal fight over the Gulf of Mexico …

Declarations

Get Rid of the Trailers “People are frustrated. People do not like the idea of having these trailers right next to them five years after Katrina.” —Councilman Jon Johnson, whose district includes hard-hit eastern New Orleans and the Lower Ninth …

Clock is Ticking on Surplus Lines Tax Reform

With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in …

House Joins Senate in Extending Flood Insurance for 1 Year

The U.S. Senate and the House of Representatives have both approved a one-year reauthorization of the nation’s flood insurance program. The measure, S. 3814, will extend the National Flood Insurance Program (NFIP) until Sept. 30, 2011. As of press time …

Fight Over Gulf Oil Disaster Liability Heats Up

Scores of attorneys jammed a federal courtroom in New Orleans on Sept. 16 to argue for almost immediate access to emails and other documents from BP Plc and its business partners as the legal fight over the Gulf of Mexico …

Alabama Gov. Riley, AG King Clash Over BP lawsuit

BP PLC has turned down Alabama’s claim for $148 million in lost government revenue due to the worst oil spill in U.S. history, according to the state’s attorney general, Troy King. BP denied the claim because it said there was …

Feinberg Receives 4K Form Letters for Grocery Money from BP Fund

About half the households in Plaquemines Parish, La., are using photocopied form letters to ask for grocery money without any documentation to back up their claims, says the administrator of BP’s $20 billion oil spill compensation fund. Kenneth Feinberg said …

Louisiana Agent Joins National Big “I” Leadership Team

The Independent Insurance Agents & Brokers of America (the Big “I”) announced that Randy Lanoix of Donaldsonville, La., has been installed as the newest member of the association’s executive committee. Lanoix is president of Lanoix Insurance Agency in Lutcher and …

Post-Katrina Duties and Liabilities of Insurance Agents and Brokers

Following Hurricane Katrina, many insurance agents and brokers found themselves being sued by their customers when they realized that they were underinsured for their losses caused by the hurricane. It is fair to say that most of those claims involved …

FARA Insurance Services Adds Kennedy to Sales Team

FARA Insurance Services, a Mandeville, La.-based provider of claims administration and risk management solutions, has added Kevin Kennedy to its sales team. Kennedy has been promoted to regional sales manager and his responsibilities include developing new business and maintaining current …