Louisiana News

Louisiana AG Files Discovery and Investigation Petition Against BP

Louisiana Attorney General Buddy Caldwell has filed a Petition for Discovery and Investigation against British Petroleum in state court in Plaquemines Parish. The petition alleges that BP has failed to cooperate and share important information with the state, specifically information …

Declarations

Reauthorization Needed “Congress needs to pass a long-term extension because homeowners living in flood prone regions of the country don’t have anywhere to turn should another major flood occur during this Congressional recess.” โ€”Blain Rethmeier, spokesman for the American Insurance …

Congress’s inability to act leaves many in flood prone areas vulnerable – for the second time this year and the fourth in 12 months’ time. When it rains it pours, as the saying goes. By extension, one could say that …

People

Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and statistics. Wall is among five new board …

Nevada Insurance Commissioner Resigns; State Seeks Replacement

Nevada’s Business & Industry Director Dianne Cornwall announced that Nevada Insurance Commissioner Scott J. Kipper has resigned. Kipper has been insurance commissioner since December 2008, when he replaced Acting Commissioner Betty Baker who served after longtime Commissioner Alice Molasky-Arman retired …

Who’s Getting Sued in Securities Class Action Lawsuits Now?

Securities class action lawsuits are the most important factor driving claims severity for directors and officers (D&O) insurers. Securities lawsuit filings levels ebb and flow over time, and for most of 2010, securities suit filings levels have been relatively low. …

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. Speaker and Entertainer No-Show, Cancellation Coverage Market Detail: HCC Specialty Underwriters can provide coverage for …

Congress’s inability to act leaves many in flood prone areas vulnerable – for the second time this year and the fourth in 12 months’ time. When it rains it pours, as the saying goes. By extension, one could say that …

Judge: Policy Didn’t Cover Chinese Drywall Damage

An insurance company doesn’t have to pay for damages at a Virginia man’s home ruined by Chinese-made, sulfur-emitting drywall, a decision by a federal judge Thursday that could affect how lawsuits by thousands of U.S. homeowners are settled. Judge Robert …

Who’s Getting Sued in Securities Class Action Lawsuits Now?

Financial Services and Life Sciences Companies Should Be on the Lookout To find out which company will be next in line for one of these insult-to-injury lawsuits, just keep a close eye on the headlines. Securities class action lawsuits are …