Louisiana News

Alabama Expects Billions from BP for Oil Spill Impact

Alabama expects to receive billions of dollars in penalties from BP Plc in the wake of the oil spill in the Gulf of Mexico, a state commission said Monday. BP and the White House will probably soon reach an agreement …

Independent Agent Association Names New Leadership

The Independent Insurance Agents & Brokers of America (the Big “I”), named J. Michael “Mike” Miley as the new chairman of the association. Mike Donohoe was named as the chairman elect, Bobby Bramlett as vice chairman and Randy Lanoix as …

Study Finds Louisiana Making Substantial Efforts to Improve Building Codes

Louisiana has developed and implemented a more comprehensive and stronger building code than Mississippi and Alabama, according to a recent study conducted by the Institute for Business & Home Safety (IBHS). The organization conducted a comparative analysis on the quality …

Louisiana’s Cunningham Financial Acquiring Hamilton Insurance Agency

Cunningham Financial Group (CFG), headquartered in Natchitoches, La., is acquiring the Hamilton Insurance Agency in Bunkie, La., and adding agency owner Denice Hamilton as a independent producer for all lines in central Louisiana. Hamilton Insurance is primarily a commercial trucking …

Texas Workers’ Comp Division Announces August Enforcement Actions

Texas Commissioner of Workers’ Compensation Rod Bordelon recently announced final disciplinary actions taken in August by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC). Commissioner’s orders are subject to appeal to state district court within 30 days after …

Senate Extends Flood Insurance for 1 Year; Measure Goes to House

The U.S. Senate last night passed by unanimous consent a measure extending the National Flood Insurance Program for one year until Sept. 30, 2011. The Senate one-year reauthorization must now pass the House of Representatives, which in July passed a …

Time to Oust FEMA Trailers, New Orleans Officials Say

It’s time to get rid of nearly 260 FEMA trailers remaining of the 23,300 installed after Hurricane Katrina flooded New Orleans five years ago, several City Council members say. The trailers spoil the city’s image of recovery, Housing and Human …

People

K&K Insurance, based in Ft. Wayne, Ind., named Todd Bixler president and CEO. Bixler joined K&K Insurance in 1986 as controller, responsible for financial reporting and accounting operations. His subsequent positions of increasing responsibility with K&K included chief financial officer, …

People

Scott Brock was appointed CEO of Dallas-based Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide focused, personalized reinsurance program and capital market …

Post-Katrina Duties and Liabilities of Insurance Agents and Brokers

The Louisiana Supreme Court Weighs In Following Hurricane Katrina, many insurance agents and brokers were sued by customers who found they were underinsured for their losses caused by the hurricane. It is fair to say that most of those claims …