The Louisiana Department of Insurance has served two producers with cease and desist orders, summary suspensions, fines and license revocation notices, LDI announced June 11 in a news release. LDI fraud investigators served insurance agent Joel Stephen Martinsen of...
During the 2021 Regular Session of the Louisiana Legislature, three bills were passed that directly impact the surplus line insurance business. House Bill 462 by Rep. Mike Huval, R-Breaux Bridge, deals with the 4.85 percent surplus lines tax. Essentially, the new law...
The United States Attorney for the Eastern District of Louisiana, Duane A. Evans, announced that five more defendants entered guilty pleas, admitting to participating in a scheme to crash vehicles into tractor-trailers, and with the help of local attorneys sued to get...
At the May 13 meeting of the Louisiana Citizens Property Insurance Corp. (LCPIC) board of directors, the board voted on 2021’s round of depopulation and the 2021 first quarter financials, and CEO Richard Newberry updated the board on the 2021/2022 reinsurance and...
London ViewsBy LEN WILKINSLondon Correspondent With the U.K. and the EU at loggerheads over financial regulation, the London Market Group (LMG) decided to take advantage of the situation. The LMG wants to fill the regulatory void that currently exists in Europe with a...
The Louisiana Department of Insurance has received 1,497 complaints concerning the three hurricanes that struck the state last year and has recovered $41 million on behalf of those consumers as of April 30, Louisiana Insurance Commissioner Jim Donelon said May 20 in a...
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