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 …
A $20 billion compensation fund for economic victims of the BP Plc Gulf oil spill opens for business Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who …
Louisiana homeowners who get their insurance coverage from five companies owned by Allstate Corp. will start paying higher rates in either November or December. Insurance Commissioner Jim Donelon recently approved rate increases ranging from 2.9 percent to 11.6 percent, depending …
SUNZ Insurance Co. of St. Petersburg, Fla., has gained the rights to provide workers’ compensation in four more states within the southern half of the country. The added states are Louisiana, Mississippi, Texas and Arizona. SUNZ, which is five years …
Louisiana has done a good job upgrading its building code requirements in the five years since Hurricane Katrina, but Alabama and Mississippi have not, according to a new report from the Institute for Business and Home Safety. “While there have …
OneBeacon Insurance Group has formed an alliance with Frontline Underwriters, Inc. to offer a new motor truck cargo program to transportation customers in nine states: Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. A full suite …
A new Louisiana law to encourage residents to seek refunds from the Louisiana Citizens Property Insurance Corp. took effect this week, along with another insurance-related law increasing the amount paid on claims covered by the Louisiana Insurance Guaranty Association. Act …
The insurer-funded, nonprofit Gulf State Insurance Information Center (GSIIC) has launched a new Web site – www.GulfStateInsuranceCenter.org – to serve as a repository of information on insurance issues impacting Louisiana. The information available on the site will be specifically about …
25% Percent of the oil from the BP gusher in the Gulf of Mexico that had not been captured or evaporated by the end of July, according to Carol Browner, energy and climate change adviser to President Barack Obama. Government …
More than 650 new laws took effect in Louisiana this week, including revisions to existing statutes and arcane adjustments of insurance and health care regulations. New abortion regulations will require ultrasound exams for all women getting abortions, and also will …
