Louisiana News

Georgia-Based AssuranceAmerica Names New CFO

AssuranceAmerica Corporation announced today that Sheree Williams has joined AssuranceAmerica Corporation as its Senior Vice President and Chief Financial Officer effective September 13, 2010. Ms. Williams was most recently VP of Finance at 21st Century Insurance and Financial Services (previously …

Ohio Insurance Institute: State’s Insured Losses from Ike – $1.255B

For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to …

Wind Inspectors in Louisiana Say Insurers Vary on Proof for Discounts

In the entire state of Louisiana, there are only 16 of them, and they want business. They are certified wind inspectors, and for $150 to $200 they say they can knock hundreds of dollars off homeowners’ annual insurance premiums. “I …

Halliburton, Transocean Reject BP’s Claims; Court Battles Loom

BP Plc and its Gulf of Mexico oil well partners traded blame Wednesday after an internal BP investigation tried to downplay the company’s role in the world’s biggest offshore spill. The 193-page BP report offered a preview of how the …

Mayor Says Leesville, Louisiana Fire Protection Rating at Risk

Leesville, La., officials say one of the city’s fire pumps is broken, the other was shut down after it burst a 12-inch pipe, and 17 hydrants need repairs or replacement. Mayor Robert Rose says that puts the city’s fire insurance …

Gulf States’ Post-Katrina Building Codes Get Low Marks

Louisiana has done a good job upgrading its building codes in the five years since Hurricane Katrina, but Alabama and Mississippi have not, according to the Institute for Business and Home Safety. “While there have been positive steps taken in …

Business Moves

SUNZ SUNZ Insurance Co. of St. Petersburg, Fla., has gained the rights to provide workers’ compensation in four more states. The added states are Louisiana, Mississippi, Texas and Arizona. SUNZ, which is five years old, began by providing workers’ compensation …

$275M in Louisiana Property Insurance Assessment Refunds Unclaimed

More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over, according to the Louisiana Department of Insurance. The assessments were imposed …

A Stronger Market

Despite the devastation from Hurricane Katrina in 2005, Louisiana Insurance Commissioner Jim Donelon said the state’s insurance market is stronger now and that the “outlook for continued market recovery is positive.” Donelon credited several key factors for the recovery, beginning …

Hurricane Katrina Changed the Market in Gulf States

Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single morning, Katrina severed the …