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. The assessments were imposed on private polices over the past four …
Five years ago, Hurricane Katrina caused an estimated 1,300 tragic deaths as well as $41.1 billion in insured losses across six states. Louisiana and Mississippi suffered the brunt of Katrina’s wrath followed by Alabama. As we commemorate this terrible event …
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 …
Arc Legal Assistance, a UK-based specialist provider of legal expenses insurance, has announced the launch of a dedicated yachting and marine pleasure craft legal expenses cover and claims service. The company said it would “target growth with an enhanced product …
The head of the Federal Emergency Management Agency said his department is better able to quickly respond to disasters now, five years after Hurricane Katrina ravaged the U.S. Gulf Coast. FEMA was widely pilloried in the days after the 2005 …
The Texas Windstorm Insurance Association recently filed for 5 percent increases in both its residential and commercial rates, effective Jan. 1, 2011. While indications are those hikes won’t bring the rates for the state’s coastal insurer of last resort up …
Louisiana’s property insurer of last resort has reached a $23 million settlement with thousands of homeowners who say they were not properly compensated after hurricanes Katrina and Rita for work needed to coordinate storm repairs. The dispute centered around the …
Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …
One in five of the Louisiana sheriffs, school boards, parish councils and other storm-ravaged local government agencies who borrowed federal funds after hurricanes Katrina and Rita won’t have to repay a dime of the loans. Those 11 agencies — in …
The governing board for Louisiana’s property insurance company of last resort agreed to pay its next chief executive $264,000 a year.The Louisiana Citizens Property Insurance Corp. board approved the pay package for Richard Robertson without objection. Robertson will get a …
