Insurance

From the Advocate.

From the Advocate: State’s insurer of last resort has not filed an audit for the past two years.

From the Advocate: $100 million to reduce premiums and pay off debt fails to see the light of day.

From the Associated Press

In the short list for vice president, two names that regularly appear are Louisiana Governor Bobby Jindal and Florida Governor Charlie Crist. And as part of the discussion, there are naturally comparisons as to the economic progress being made in both states. One area where Florida leaves Louisiana in the dust is in insurance reform. Read more

A RICO suit in US Federal Court against Louisiana Citizens Property Insurance Corporation leaves the door open for further defendants. In addition to board members and executives the complaint lists unidentified parties for further inclusion. More from the Associated Press.

From WAFB 9News: Jim Shannon reports on how Governor Bobby Jindal’s Chief of Staff Timmy Teepell cashed in on his office (and credibility) for three skybox suite tickets to last month’s Hannah Montana concert at the New Orleans Arena. The almost unbelievable revelation comes just a day after the Louisiana Senate unanimously passed a measure that would ban freebie tickets. And though WAFB reports that regular tickets range in price from $26 to $66, any parent of young children can attest that kind of money couldn’t even get you into a decent parking spot at one of the pre-teen sensation’s shows. As for the cost of box suite tickets? Figuring that would require the assistance of an economist. Read more

Steve Theriot said today that his investigators have uncovered emails that may indicate improper behavior by insurance commissioner Jim Donelon. From The Times-Picayune:

Testifying before the Senate Insurance Committee, Theriot said auditors need access to more e-mails and documents to determine whether price fixing actually took place or whether insurance officials allowed large insurers to write more profitable insurance, such as auto, and drop the riskier homeowners and other policies into the Louisiana Citizens Property Insurance Corp.

Insurance apologists say what you will, but Governor Charlie Crist has got his dukes up against the good hands people. After Allstate thumbed its nose at attempts by the Office of Insurance Regulation to inspect documents dealing with the insurer’s business practices, regulators there are going nuclear and banning Allstate from writing new auto policies.

State Bans Allstate from Selling New Auto Policies

Meanwhile, here in Louisiana, the good hands people continues its stranglehold on homeowners.

More Allstate Policyholders Say They Feel Duped