Independent Insurance Agents & Brokers of Louisiana
Recent News About Independent Insurance Agents & Brokers of Louisiana View More
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Edwards signs $45 million financial incentive bill to stabilize property insurance market
Ten property insurance companies already have expressed interest in taking part in a $45 million incentive program just approved by the Louisiana Legislature and governor, according to the state Department of Insurance. -
Hurricane Ian expected to batter Louisiana's property insurance market
Higher prices for Louisiana policyholders, more insurer insolvencies and a property insurance industry with less capacity to serve homeowner needs may be the cascading impact of the damage caused by Hurricane Ian in Florida, industry observers say. -
Louisiana property insurance market 'melting down' as legal climate worsens, insiders say
Louisiana’s property insurance market is headed toward a calamity as state lawmakers consider stiffer penalties on insurers who delay hurricane damage payouts and the state’s litigation climate becomes more hostile, industry groups say. -
Louisiana legal system blamed for rising auto insurance rates
Some observers of Louisiana's auto insurance market are raising concerns that last year’s Civil Justice Reform Act has yet to put downward pressure on the state’s auto rates, which one consumer website recently found is the highest in the U.S. -
Federal probe of staged big-rig accidents in New Orleans nets five more guilty pleas
Five more defendants accused of conspiring to stage big-rig truck accidents in a wide-ranging insurance fraud scheme have pleaded guilty to conspiracy to commit mail fraud, the U.S. Attorney’s Office in New Orleans reported. -
Commissioner urges insurers to engage with policyholders to resolve hurricane claims
For the third time, Louisiana’s insurance commissioner has reminded insurers of their good-faith obligations to policyholders in the wake of the 2020 hurricanes and recent extreme winter weather. -
'Spotter' in staged big-rig accidents sentenced to 21-month jail term
The first prison sentence has been handed out in the continuing investigation by the U.S. attorney into staged auto accidents designed to defraud trucking companies and insurers. -
Louisiana business-use car insurance premiums ranked among highest in nation
Louisiana ranked among the five most expensive states for the purchase of business-use vehicle insurance in a recent study, adding to a rising chorus of criticism about the cost of auto insurance premiums in the state. -
Sen. Smith prefiles SB 71 to rework public option for vehicle insurance
Sen. Gary Smith, D-Norco, has pre-filed SB 71, a plan to create a better public option alternative for vehicle insurance in Louisiana. -
Feb. 28: U.S. District Court for the Eastern District of Louisiana docket for "copyright" cases
The following cases categorized as "copyright" were on the docket in the U.S. District Court for the Eastern District of Louisiana on Feb. 28. All case details are allegations only and should not be taken as fact: -
U.S. District Court for the Eastern District of Louisiana: Actions Taken on Feb. 28
The U.S. District Court for the Eastern District of Louisiana reported the following activity on Feb. 28 in the suits below: -
Court activity on Feb. 28: Cerberus vs Agent C
The U.S. District Court for the Eastern District of Louisiana reported the following activity in the suit brought by Cerberus against David Caruso on Feb. 28. -
Insurance CEO pushes for tort reform focus on eliminating 'collateral source rule'
In the upcoming legislative session, when lawmakers take on tort reform, the No. 1 issue Jeff Albright is hoping lawmakers tackle is the “collateral source rule,” he told the Record. -
Insurance professional: Fake accident scam against Louisiana trucking industry not new
BATON ROUGE – Staged accident insurance fraud aimed at trucking companies in Louisiana - which seem to involve attorneys and judges and currently are under federal investigation - are nothing new, according to insurance, tort reform and state officials. -
State's tort laws encourage litigation, Independent Insurance Agents & Brokers of Louisiana says
BATON ROUGE – Jeff Albright, CEO of Independent Insurance Agents & Brokers of Louisiana, believes auto insurance premiums in Louisiana are so high because there are double the amount of claims in Louisiana than any other state.