Louisiana News

Louisiana Officials ‘Cautiously Optimistic’ About BP Well Cap

Louisiana Gov. Bobby Jindal, U.S. Sen. Mary Landrieu, D-La., and U.S. Congressman Charlie Melancon, whose district has been severely affected by the BP oil well spill, are “cautiously optimistic” about reports from BP that it has stopped the oil that …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Oil & Gas Risks Market Detail: Towerstone Inc.’s energy practice has recently teamed with Hallmark …

Gulf State Residents Relieved But Wary Over BP Oil Well Fix

News that oil has stopped leaking from BP’s blown-out well into the Gulf of Mexico spread a wave of relief Thursday among coastal residents, but it failed to dispel concerns about the disaster’s long-term impact. “I tell you what, we …

Ward Group Names Top 50 Performing P/C Insurers

The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50 million for each …

Alabama Insurance Regulator Rejects Offer to Run Louisiana Citizens

An Alabama insurance regulator has turned aside an offer to become head of Louisiana’s property insurer of last resort. The Louisiana Department of Insurance says Charles Angell has decided to stay in Alabama. He had been recommended by Insurance Commissioner …

Reinsurance Tax Debate over HR 3424 Heats Up at Committee Hearing

Both sides presented their views at a hearing of the House Ways and Means Committee on Wednesday, July 14. Compromise over whether or not to disallow deductions for premiums paid to purchase reinsurance from “affiliated companies,” who are located outside …

City of Hope Honors Ironshore CEO Kelley

Los Angeles – July 14 2010. City of Hope’s National Insurance Industry Council (NIIC) announced it will honor Kevin Kelley, CEO of Ironshore, with The Spirit of Life Award, City of Hope’s most prestigious philanthropic honor. City of Hope is …

Citigroup Loses Bid to Have Suit Over ‘Toxic’ Mortgages Dismissed

A Manhattan federal judge Monday rejected Citigroup Inc.’s bid to dismiss a class-action lawsuit by bondholders who said the bank misled them about its exposure to “toxic” mortgages. U.S. District Judge Sidney Stein said the bondholders could pursue allegations that …

Hearing Scheduled Today on HR 3424, Reinsurance Tax Bill

HR 3424 will be the subject of a hearing House by the House Representatives Ways and Means Committee today at 10:00 a.m. The Bill, sponsored by Rep. Richard E. Neal (D-MA), has been the subject of a lengthy debate [See …

Louisiana Governor Signs Ban on Chinese Drywall Cancellations

Louisiana Gov. Bobby Jindal has agreed to ban insurance companies from dropping coverage of homeowners who have found corrosive Chinese drywall in their homes. Jindal’s office announced that the governor has signed the bill by Metairie Sen. Julie Quinn into …