Louisiana News

USG Promotes Lee to Production Manager in Louisiana

USG Insurance Services Inc., a national wholesale broker of commercial insurance, has promoted Gina Lee to production manager of its Louisiana office. Gina Lee was hired at USG in August 2006 as a senior underwriter/broker and held that position until …

Texas Commissioner Orders $551K in Fines and Restitution in June

Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June 2010 included four license revocations, three license denials, and fines and restitution totaling $551,012. Copies of Geeslin’s orders may be obtained by contacting TDI’s Public Information …

Amerisafe Names Banta President

Amerisafe Inc., a specialty writer of high hazard workers’ compensation insurance headquartered in DeRidder, La., has promoted Geoffrey R. Banta to president, in addition to his continuing role as chief operating officer. Banta has served as the company’s executive vice …

$25M Fund to Help Louisiana Businesses Recover from Storms

Louisiana has started a $25 million program to help businesses still trying to recover from the four major hurricanes of recent years. Grants of up to $2.5 million will be available to community-based or nonprofit organizations to deliver loans or …

It Figures

Katrina 5 Years Later According to a new white paper from the Insurance Information Institute on the five-year anniversary of Hurricane Katrina, which made landfall in Louisiana on Aug. 29, 2005: $41.1 Billion The amount that private sector insurers paid …

10 Most, Least Affordable States for Car Insurance

InsWeb, an online insurance comparison provider, recently released its 2010 Car Insurance Affordability Index β€” a list of the most and least affordable states in which to insure a vehicle. To develop the list, InsWeb ranked all 50 states and …

Declarations

Sending a Clear Message “I want us to send a clear message to Washington, D.C., today β€” our people don’t want a BP check, our people don’t want an unemployment check, our people want this arbitrary moratorium to end so …

It Figures

$600 Million All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million per year for the next 10 years. …

BP Oil Spill Disaster Creates Opportunity for Environmental Contractors’ Market

Key Coverage Issues for Agents to Consider When Selling Pollution Coverage No matter which television channel or Web site you turn to, the Gulf oil spill has dominated the news. This is an environmental crisis that will affect the region’s …

Bill to Eliminate Oil Liability Limit Comes Under Fire

Republicans and some moderate Democrats in the U.S. Senate Wednesday began picking apart a new energy bill that they complained goes too far in holding oil companies responsible for accidents like the massive Gulf of Mexico spill. “I think people …