When the Louisiana Insurance Guaranty Association (LIGA) board of directors met on Nov. 30, the board voted to use LIGA’s one percent assessment authority in 2021 to assess insurance companies in Louisiana. In addition, the board voted to authorize the full assessment...
Increased losses and expenses in the U.S. property/casualty industry during the first nine months of 2021 led to a $6.1 billion underwriting loss for the period, according to an AM Best report, released Nov. 29. The financial review is detailed in a Best’s Special...
Without mentioning the name of the insurance company, Commissioner of Insurance Jim Donelon announced Dec. 15 that a Louisiana licensed insurer plans to acquire all policies from Access Home Insurance Co. and State National Fire Insurance Co., two insolvent homeowners...
Insurance Commissioner Jim Donelon participated in a meeting on Dec. 13 organized by GNO Inc. to advocate for greater transparency on the new flood insurance rates in the National Flood Insurance Program that will take effect for renewing policies on April 1, 2022....
Commissioner of Insurance Jim Donelon announced Nov. 29 that he plans to take additional steps to protect Louisiana long-term policyholders of Senior Health Insurance Company of Pennsylvania from what Donelon believes to be “disastrous rate increases or benefit...
The Louisiana Department of Insurance (LDI) ordered New Orleans insurance agent Vilia Ann Ragas and her agency, Citywide Insurance Agency Inc., to stop their insurance business after Ragas failed to remit premiums she collected from clients. On Dec. 3, LDI fraud...
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