The White House is pushing to lift the limit on how much BP pays for the Gulf Coast oil spill. Press Secretary Robert Gibbs said the administration wants to work with Congress to change a law that caps at $75 …
Addison, Texas-based Affirmative Insurance Holdings Inc., a distributor and producer of non-standard personal automobile insurance policies, reported that gross premiums written and total revenues increased during the first quarter of 2010 compared with the same period in 2009. Total gross …
State Farm Fire and Casualty Co., Louisiana’s largest residential insurer, has been approved for an average 9.9 percent rate increase for homeowners’ coverage in Louisiana. However, coastal areas vulnerable to hurricanes will be bearing much of the brunt. Insurance Commissioner …
Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc. NCCI provides workers’ compensation and employee injury data and statistics in the nation. Wall is among five …
Transocean Ltd. said Wednesday that it has received $401 million in insurance payments for an oil rig that exploded and sank two weeks ago in the Gulf of Mexico. Transocean also said in a regulatory filing that it has recieved …
The federal Small Business Administration recently granted Louisiana Gov. Bobby Jindal’s request to issue an economic injury disaster declaration for Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard and St. Tammany parishes, and Jindal has asked that for 13 additional parishes be …
Louisiana will borrow $320 million next year for state construction projects, far less than needed to fulfill the billions of dollars in requests from lawmakers and state agencies, the governor’s top budget adviser said. The construction budget bill submitted by …
Three workers forced to escape on lifeboats after an explosion aboard an offshore drilling platform claimed in a lawsuit they were kept floating at sea for more than 10 hours while the rig burned uncontrollably. “After these guys were pulled …
Three people have been arrested in the death of a Georgia insurance agent who was killed during an early morning holdup at a Waffle House restaurant in Baton Rouge, La. Sgt. Don Kelly says 21-year-old Antonius Jones of Baton Rouge; …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” of United Fire & Casualty Group (UFCG) and its five P/C members, which …
