Insurance Archives - Biz New Orleans

'New Orleans 500' Will Profile City's Most Influential Leaders

Rich Collins,

NEW ORLEANS - Biz New Orleans magazine – the national award-winning monthly business publication – will publish the inaugural edition of the New Orleans 500, a book profiling the most influential leaders in greater New Orleans, in the fourth quarter of 2021. Click…

New Laws: Tougher Rules for Louisiana Car Accident Lawsuits

Associated Press,

BATON ROUGE (AP) — Louisiana motorists filing car accident lawsuits will encounter tougher rules to win damage awards, under a new law championed by the state's business lobby that takes effect Friday and that backers hope will lower the state's…

Insurance Shoppers: Plan Now to Trim Next Spring's Tax Bill

Associated Press,

NEW YORK (AP) - An unpleasant tax surprise may be lurking next spring for some people who bought health insurance this year on the Affordable Care Act’s coverage marketplaces. The problem centers on income, or what shoppers think they will…

Lawmakers: Insurance Disputes Slow Louisiana Storm Recovery

Associated Press,

BATON ROUGE (AP) — Southwest Louisiana lawmakers Wednesday criticized the insurance industry's handling of claims from Hurricanes Laura and Delta, describing slow responses, low-balled damage estimates and drones used to assess destruction instead of people. “We’re almost four months ago…

'Insurer of Last Resort' Only Paying $35M for 2020 Storms

Site Staff,

BATON ROUGE - Insurance Commissioner Jim Donelon announced that Louisiana Citizens Property Insurance Corp., the state’s insurer of last resort, will take only a $35 million financial hit from the 2020 hurricane season because of its reinsurance program. During the…

After the Storm: Insurance Concerns After Hurricane Zeta

Site Staff,

BATON ROUGE - Louisiana Insurance Commission Jim Donelon is offering guidance to New Orleans-area homeowners affected by Hurricane Zeta. “While many homeowners have experienced damage from Hurricane Zeta, most were spared by this late October hurricane event,” said Donelon. “I…

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Son of a Saint Receives $30K Donation from Allstate

Site Staff,

NEW ORLEANS — Son of a Saint, the nonprofit organization dedicated to inspiring mentorship and transforming the lives of New Orleans’ fatherless boys, has received a $30,000 grant from the Allstate Foundation. The contribution marks the second consecutive grant awarded…

Insurer Waiving Some Separate Deductibles for Hurricane Delta

Site Staff,

BATON ROUGE - Louisiana Insurance Commissioner Jim Donelon announced that Americas Insurance Company will be waiving a separate deductible for Hurricane Delta for insureds who were impacted by both hurricanes Laura and Delta, provided they have satisfied their full named-storm…

After the Storm: Avoid Contractor Fraud

Site Staff,

BATON ROUGE - Louisiana Insurance Commissioner Jim Donelon and State Representative Jonathan Goudeau are warning residents affected by Hurricanes Laura and Delta that both the Louisiana Department of Insurance and Rep. Goudeau’s office have received complaints of contractors working in…

USAA Waives Standard Deductible on Second Hurricane Claims in La.

Site Staff,

BATON ROUGE - Louisiana state Insurance Commissioner Jim Donelon lauds USAA, Louisiana’s seventh largest homeowners insurer, for not charging Louisiana policyholders hit by two hurricane losses the all-perils deductible on their second hurricane claim this season. “I am delighted to…

Policyholders Are Subject to Only One Hurricane Deductible Per Season

Site Staff,

NEW ORLEANS - Louisiana's single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in the same hurricane season, said Louisiana Insurance Commissioner Jim Donelon in a statement. And if any previous claims for named-storm/hurricane…

HUB International Acquires Assets of Metairie Consulting Firms

Site Staff,

CHICAGO - HUB International Limited, a global insurance brokerage, announced that it has acquired the assets of Hollis Companies LLC and the Employee Benefits Corporation. Terms of the transaction were not disclosed. Located in Metairie, La., TEBC and Hollis Companies…

Cost of Louisiana Auto Insurance to Drop Further

Site Staff,

BATON ROUGE - State Insurance Commissioner Jim Donelon announced his approval of rate decreases for private passenger auto policies for two major auto insurers in Louisiana. Progressive Insurance Group submitted a rate filing for a decrease of 2.3% on new…

Nationwide Partners to Launch Caregiver Family Leave Insurance

Site Staff,

COLUMBUS, Ohio – Insurance and financial services company Nationwide said it has partnered with Compassion Society Benefits Inc. to introduce Caregiver Family Leave Insurance, a new stand-alone paid leave insurance plan designed to support caregivers as either an employer-paid benefit or…

USAA to Return Nearly $20M to Louisiana Policyholders this Year

Site Staff,

BATON ROUGE - Louisiana Insurance Commissioner Jim Donelon said his office is commending USAA for returning an additional $270 million dividend to auto insurance policyholders across the country in August. This dividend follows an earlier announcement that USAA provided dividends…

La. Dept. of Insurance Joins Cooperation and Information Exchange Agreement

Site Staff,

BATON ROUGE – The Louisiana Department of Insurance has become a member of the International Association of Insurance Supervisors Multilateral Memorandum of Understanding, an international supervisory cooperation and information exchange agreement. “I am pleased that the Louisiana Department of Insurance…

Edwards Signs New Lawsuits Limits Sought By Business Lobby

Associated Press,

BATON ROUGE (AP) — Gov. John Bel Edwards has signed the business lobby's main priority of the last election cycle into law, changes to Louisiana's civil litigation rules aimed at lessening the money people can win against insurance companies and…

Eustis Insurance & Benefits Announces Three New Employees

Site Staff,

NEW ORLEANS - Eustis Insurance & Benefits has announced three additions to its New Orleans and Baton Rouge offices. In New Orleans, Patrick Morrison and Jeff Casabat have joined the firm as employee benefits advisors. Morrison began his employee benefits career…

Blue Cross Foundation Awards $4.2 Million in COVID-19 Response Grants

Site Staff,

BATON ROUGE — The Blue Cross and Blue Shield of Louisiana Foundation said that since March it has granted more than $4 million to 95 nonprofits across the state working to meet the needs of communities in response to COVID-19.…

State Farm Lowers La. Auto Insurance Rates by 9.6%

Site Staff,

BATON ROUGE - Louisiana Insurance Commissioner Jim Donelon said he approved a permanent decrease of 9.6% in the rate for auto insurance policies issued by State Farm Insurance Company for Louisiana drivers. This auto insurance reduction by State Farm follows…

Louisiana Lawmakers End Session with Budget Deal, Tax Breaks

Associated Press,

BATON ROUGE (AP) — Louisiana lawmakers on Tuesday completed a 30-day special session called in the middle of the coronavirus pandemic, after awarding millions of dollars in tax breaks to businesses and finishing the state's multibillion-dollar budget a day before it…

La. House Tries End Run Around Edwards' Potential Veto

The Center Square,

BATON ROUGE – Louisiana House Republicans are attempting an end run around a potential veto to temporarily change how the state handles automobile accident claims. Democratic Gov. John Bel Edwards vetoed a bill passed during this year’s regular session that…

Car Accident Need To Justice In Case Can Not Negotiations

La. House Votes Again to Change How Courts Handle Auto Accident Claims

The Center Square,

BATON ROUGE – The Louisiana House of Representatives on Monday approved two bills that would make sweeping changes to how the state’s court system handles automobile accident claims. The measures are much like Senate Bill 418, which legislators approved during the regular…

Edwards Vetoes Sweeping Changes to How Courts Handle Auto Injury Claims

The Center Square,

BATON ROUGE – Louisiana Gov. John Bel Edwards has vetoed legislation that would have drastically changed how the state’s legal system deals with automobile injury claims. Senate Bill 418 by state Sen. Kirk Talbot, R-River Ridge, was one of the…

Black Tech NOLA Offers Free Virtual Conference

Site Staff,

NEW ORLEANS – Entergy and JPMorgan Chase & Co. will help present Black Tech NOLA 2020, a free virtual conference scheduled for June 29 through July 1 that will feature three days of talks, virtual meetups and demos led by…

Republican Lawmakers Add Mistake in Signature Business Bill

Associated Press,

BATON ROUGE (AP) — After a last-minute scramble to pass the business lobby's top priority for the regular session, Republican legislators quickly realized they mangled the language of the bill aimed at limiting damage claims against insurance companies in car…

Louisiana Lawmakers Near End of Session, Ready for Another

Associated Press,

BATON ROUGE, La. (AP) — Louisiana lawmakers worked through a final stack of bills Sunday as they neared the end of a regular session upended by the coronavirus outbreak, agreeing to a broad expansion of the state's medical marijuana program and…

Two Drivers Man Arguing After A Car Traffic Accident Collision And Making Phone Call To Insurance Agent And Take A Photo, Traffic Accident And Insurance Concept

House Committee Backs Changing the Rules for Auto Industry Lawsuits

The Center Square,

THE CENTER SQUARE – A Louisiana House of Representatives committee on Tuesday advanced a Senate-passed bill making numerous changes to how the state’s legal system handles automobile accident claims. Supporters say the changes could lead to lower automobile insurance rates,…

Louisiana Senate Targets Lawyer Ads Promising Big Payouts

Associated Press,

BATON ROUGE (AP) — A proposal striking at the proliferation of TV, radio and billboard ads blanketing Louisiana is headed to the state House for debate after winning support from senators Thursday. Sen. Heather Cloud's bill would declare as false or misleading…

Bid to Force Interruption Insurance to Cover Virus Shelved

Associated Press,

BATON ROUGE, La. (AP) — Louisiana lawmakers won't try to force business interruption insurance policies to cover the widespread closures caused by the COVID-19 pandemic. Sen. Rick Ward, a Port Allen Republican, scrapped the proposal Wednesday amid concerns it could crater…

Insurance

'New Orleans 500' Will Profile City's Most Influential Leaders

New Laws: Tougher Rules for Louisiana Car Accident Lawsuits

Insurance Shoppers: Plan Now to Trim Next Spring's Tax Bill

Lawmakers: Insurance Disputes Slow Louisiana Storm Recovery

'Insurer of Last Resort' Only Paying $35M for 2020 Storms

After the Storm: Insurance Concerns After Hurricane Zeta

Son of a Saint Receives $30K Donation from Allstate

Insurer Waiving Some Separate Deductibles for Hurricane Delta

After the Storm: Avoid Contractor Fraud

USAA Waives Standard Deductible on Second Hurricane Claims in La.

Policyholders Are Subject to Only One Hurricane Deductible Per Season

HUB International Acquires Assets of Metairie Consulting Firms

Cost of Louisiana Auto Insurance to Drop Further

Nationwide Partners to Launch Caregiver Family Leave Insurance

USAA to Return Nearly $20M to Louisiana Policyholders this Year

La. Dept. of Insurance Joins Cooperation and Information Exchange Agreement

Edwards Signs New Lawsuits Limits Sought By Business Lobby

Eustis Insurance & Benefits Announces Three New Employees

Blue Cross Foundation Awards $4.2 Million in COVID-19 Response Grants

State Farm Lowers La. Auto Insurance Rates by 9.6%

Louisiana Lawmakers End Session with Budget Deal, Tax Breaks

La. House Tries End Run Around Edwards' Potential Veto

La. House Votes Again to Change How Courts Handle Auto Accident Claims

Edwards Vetoes Sweeping Changes to How Courts Handle Auto Injury Claims

Black Tech NOLA Offers Free Virtual Conference

Republican Lawmakers Add Mistake in Signature Business Bill

Louisiana Lawmakers Near End of Session, Ready for Another

House Committee Backs Changing the Rules for Auto Industry Lawsuits

Louisiana Senate Targets Lawyer Ads Promising Big Payouts

Bid to Force Interruption Insurance to Cover Virus Shelved

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