Louisiana News

Lloyd’s Estimates Chile Quake Loss at $1.4 Billion; Oil Spill $300 to $600 Million

Lloyd’s of London announced that it estimates its net claims before tax from the earthquake in Chile to be in the order of $1.4 billion. Current estimates for the net claims from the Deepwater Horizon explosion in the Gulf of …

Louisiana Insurance Commissioner Urges Flood, Hurricane Preparedness

Louisiana Insurance Commissioner Jim Donelon kicked off his summer storm tour to raise awareness for hurricane and flood preparedness by urging consumers to protect themselves and their property against Louisiana’s most frequent and unpredictable natural disasters. Experts are predicting an …

Tropical Storm Risk Forecasts Active 2010 Hurricane Season

Tropical Storm Risk (TSR) provides “real-time mapping and prediction of tropical cyclone wind fields worldwide.” The firm is co-sponsored by Aon Benfield, with RSA and Crawford & Company. It has just released a “pre-season outlook report to coincide with the …

Pressure Piles on BP As Gulf Oil Spill Widens

BP sharply reduced its estimate on Monday of how much oil it is siphoning off from a ruptured well in the Gulf of Mexico as Washington kept the pressure on the energy giant over the environmental debacle. British-based BP said …

Frustration Mounts as Oil Seeps into Louisiana’s Wetlands

Anger grew along the Gulf Coast as an ooze of oil washed into delicate coastal wetlands in Louisiana, with many wondering how to clean up the monthlong mess – especially now that BP’s latest try to plug the blown-out well …

America First Insurance Expands Agent Support in Louisiana, Oklahoma

America First Insurance, a Liberty Mutual Agency Markets regional company, has added key agent support positions in Louisiana and Oklahoma. Donnie Brackins has been appointed Commercial Lines Underwriting manager for Louisiana, and will be based in America First Insurance’s branch …

Louisiana Coastal Parishes Sue BP Over Oil Spill

Terrebonne Parish, Louisiana, District Attorney Joe Waitz has filed suit against oil giant BP, seeking money for wildlife killed or hurt by the massive oil leak in the Gulf of Mexico. The lawsuit, filed May 17, is among the first …

Louisiana Medical Staffing Firm Owners Charged with Work Comp Fraud

A months-long investigation by the Louisiana Workforce Commission (LWC) and the Louisiana Attorney General’s office into the business practices of a Ville Platte medical staffing firm has resulted in the arrest of the company’s owners on workers’ compensation insurance fraud …

Mississippi Home’s Concrete Structure Beats Winds, Cuts Insurance Cost

The Dubuisson home will resemble others in the traditional Pass Christian neighborhood when construction is complete this summer yet underneath will be a superstructure built to withstand 200 mile-per-hour winds and cut wind insurance premiums to $1,000 a year. The …

Obama to Name Gulf Oil Spill Panel; BP Safety Record Faulted

President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP Plc said its …