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Louisiana’s Bright Spots and Challenges
Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state's property and casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers' compensation market is healthy and the property market is gaining ground. It's not all rosy, the market in South Louisiana is still tough, but Donelon says regulatory improvements are paying off. In an interview with Insurance Journal's Ken
St. Onge at the National Association of Insurance Commissioners meeting in National Harbor, Md., Donelon elaborates on Louisiana's bright spots and challenges, and discusses myriad other topics, including the near meltdown of American Insurance Group Inc.