Louisiana
Fallout from Hurricane Ian is expected to worsen Louisiana’s insurance crisis
NEW ORLEANS (WVUE) – The toll of mega storm Ian will go effectively past Florida. Harm brought on by the hurricane in southwest Florida is anticipated to make the insurance coverage disaster in Louisiana worse.
Stephen Lovecchio is a department proprietor with TWFG Insurance coverage.
“It is usually going to harm particularly numerous the businesses that function in Louisiana as a result of in addition they function in Florida, In order that they’re going to get damage in Florida, and it’s going to harm us in Louisiana as effectively,” Lovecchio stated.
Dan Burghardt owns an insurance coverage company bearing his title.
“What occurs in Florida doesn’t keep in Florida,” stated Burghardt. “These firms which might be in Florida are additionally doing enterprise in Louisiana, a number of of them, and they are going to be affected.”
He thinks the catastrophic injury in Florida will affect insurance coverage charges.
“Improve in premiums would be the main first affect, price will increase and their dedication to remaining as an insurer is as much as them,” stated Burghardt.
Lovecchio thinks some insurers could depart the trade.
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“Probably one or two extra carriers going out of enterprise simply from not having sufficient reinsurance protection from damages that they might have gotten within the final day or so in Florida, could be an excessive amount of for them,” he stated.
Reinsurance is protection insurance coverage firms purchase.
“It would positively have an effect on us from the reinsurance standpoint of constructing it more durable to get reinsurance and extra pricey for all of the carriers that function not simply right here in Louisiana however alongside the gulf coast for hurricanes, for hurricane protection,” stated Lovecchio.
Sen. Kirk Talbot, R-River Ridge, chairs the Senate Insurance coverage Committee.
“Ian will clearly stress than reinsurance market additional, which implies we’ll simply should be vigilant and be aggressive in making an attempt to draw firms to return right here and attempt to do every little thing we will to decrease charges, and that’s what we’re doing,” stated Talbot.
He stated Florida’s insurance coverage market was having critical issues earlier than Ian hit.
“The insurance coverage market and the insurance coverage surroundings in Florida Hurricane Ian was actually, actually a catastrophe. They have been having large issues there, numerous firms failing,” stated Talbot. “So, issues which might be taking place exterior of Louisiana are having an antagonistic impact on us right here.”
Talbot is engaged on an incentive bundle to assist appeal to extra insurers to Louisiana.
“The motivation program that was carried out proper after Katrina earlier than I used to be in legislature, however proper after Katrina was very profitable, so now we have a template on what has labored, the distinction between that one and this one is that they nonetheless have to write down insurance policies beneath Interstate 10, however with this incentive program, in the event that they use the motivation cash, they bought to tug insurance policies out of Residents,” he stated.
Louisiana Residents is the state’s insurer of final resort. Revenues for the incentives should nonetheless be acknowledged by the state Income Estimating Committee.
Brokers say insurers will wait till this hurricane season is over to start writing storm protection. Lovecchio thinks the motivation bundle must have in mind firms already doing enterprise within the state.
“It must be a little bit bit larger. What that might do is permit the businesses which might be nonetheless working in Louisiana to begin writing extra enterprise, as a result of the significance of them writing extra enterprise is that we don’t assume we’re going to get numerous new carriers coming into Louisiana,” Lovecchio acknowledged. “So, if we might help the businesses which might be at the moment writing by incentivizing them to tackle extra enterprise as a result of they’ll want the cash to tackle extra enterprise, that’s most likely going to be our greatest choice within the quick time period to move off 2023, which might be worse than 2022.”
Louisiana Governor John Bel Edwards is in London and on Thursday, Sept. 29, he and a few enterprise leaders met with executives of Lloyd’s of London’s insurance coverage market on the insurance coverage disaster.
“They’ve been a serious insurer of U.S. companies and private property markets and business property. I’d say 40% of the US premiums go to Lloyds,” Burghardt stated.
Edwards’ workplace stated discussions centered on Louisiana’s relationship with the insurance coverage trade and the way the state can retain main insurers.
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Louisiana
Dolphin found shot dead on Louisiana beach; officials offer $20,000 reward for info
CAMERON PARISH, Louisiana — A dolphin that was found dead on a beach last month was shot by a firearm, federal authorities say, and they’re now offering a reward of up to $20,000 to find out who is responsible.
The National Oceanic and Atmospheric Administration says in a news release officials with the Southeast Marine Mammal Stranding Hotline were notified about the juvenile bottlenose dolphin on March 13. The dolphin was found on West Mae’s Beach.
The NOAA says a necropsy performed on the dolphin shows its injuries were “consistent with being shot with a firearm.” Multiple bullets were found in the dolphin’s carcass, including in the brain, spinal cord and heart, the NOAA says.
Harassing, harming, killing, or feeding wild dolphins is prohibited under the Marine Mammal Protection Act, according to the NOAA. Violations are punishable by up to $100,000 in fines and up to one year in prison per violation.
Anyone with information on the incident can call the NOAA Enforcement Hotline at 1-800-853-1964. Tips can left anonymously, but a name and contact information are required to be eligible for a reward.
Louisiana
Lawmakers kill minimum pay raise in Louisiana, where one in five people live in poverty
Louisiana’s poorest workers won’t get a minimum wage increase and employers won’t be forced to address the pay gap for women after lawmakers killed bills to address income disparities in the state with the highest poverty rate in the United States.
State senators on the Labor Committee voted to halt Democratic New Orleans Sen. Gary Carter’s bills to create a state minimum wage higher than the federal minimum of $7.25 an hour and an equal pay measure for women. Both 5-2 votes fell along party lines with all five Republicans against the measures and two Democrats in favor.
Meanwhile, the full House advanced measures to reduce unemployment benefits (House Bill 119) and repeal a child labor law requiring employers to give a meal break to teenage workers (House bill 156).
Carter, whose Senate Bill 173 would have created a state minimumum wage at $10 per hour and gradually be raised to $14 per hour, argued that people “should not be living in poverty while working full time.”
But those who opposed the bill like Patrick Robinson with the Louisiana Association for Business and Industry testified that Carter’s bills would create hardships on businesses, trigger job cuts, increase costs to consumers and in the case of the equal pay measure create a hostile work environment.
“It’s bad policy,” Robinson said. “It would make our state less competitive. It would force businesses to cut work forces.”
But others who advocated for the minimum wage bill like Melissa Flournoy of Elevate Louisiana noted 34 other states have already established minimum wages higher than federal law, including northern neighbor Arkansas. Neighoring Texas and Mississippi don’t have state minimum wages.
“Arkansas has an $11 minimum wage and we didn’t hear stories of economic devatation in Arkansas,” Flournoy said. “The Legislature continues to demonize the poor. These invisible men and women toil in back-breaking jobs.”
Carter also said employers who pay what he described as “poverty wages” encourage workers to remain dependent on taxpayer assistance like Medicaid and food stamps even while working full time, placing a burden on the state budget.
“This is an opportunity for people to provide for themselves and their families,” Carter said.
About one in five Louisianians live in poverty.
Louisiana women in particular face bleak circumstances on nearly every front from poverty to life expectancy to education, according to a study released earlier this year.
The WalletHub study ranked Louisiana 50th among states and the District of Columbia as best places for women, ahead of only Oklahoma.
Last spring a WalletHub study ranked Louisiana as the worst state in America for working mothers with data showing moms here are shortchanged on everything from pay to childcare.
The Louisiana House Labor Committee has already rejected a minimum wage bill in the lower chamber, ending the effort for another year.
More: Louisiana women face bleak circumstances, according to new study ranking the state 50th
Greg Hilburn covers state politics for the USA TODAY Network of Louisiana. Follow him on Twitter @GregHilburn1.
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Louisiana
Louisiana Tech University recognized for efforts to protect student free speech
RUSTON, La. (KNOE) – The Foundation for Individual Rights and Expression (FIRE) gave Louisiana Tech University a “green light” rating, making it one of only two universities in Louisiana and one of 65 institutions nationwide to receive such recognition from the organization.
A green light rating means FIRE has found no written policies that have serious potential to threaten student free speech practices.
Louisiana Tech had a red light rating only one year ago during the summer of 2023, but that quickly changed after FIRE notified the university of what an analysis of its policies found. That winter, Louisiana Tech moved to a yellow light rating when it removed a sexual misconduct provision from its student handbook. FIRE and Louisiana Tech continued to work together and have revised 11 policies in the first quarter of 2024.
“Louisiana Tech, with its commitment to sharing knowledge, expanding ideas, and pursuing discovery, must also provide an environment that upholds free expression in its broadest sense,” said Louisiana Tech President Jim Henderson. “A culture of inquiry and informed argument generates lasting ideas. We appreciate FIRE’s partnership in evaluating our policies to ensure we can meet this ideal we have for our community at large.”
Changes to Louisiana Tech policies include allowing students to decorate their rooms with no restrictions on the content of decorations and allowing student organizations to display signs in university buildings regardless of viewpoints unless the sign violates the law or other university policies. The university also has a bulletin board where students can post without prior approval.
“The ability to post without administrative approval in at least one area on campus is absolutely critical to a healthy campus climate for free expression,” said FIRE Senior Program Officer Mary Griffin. “At a time when other institutions are sharply limiting student expression by censoring unpopular views, Tech’s policy revisions signal to its community that its campus is a place to engage in robust dialogue on the issues of the day.”
FIRE and the University of Louisiana System, which Louisiana Tech is a part of, have worked together for two years to protect students’ free speech. FIRE works with other universities nationwide, free of charge, to revise policies to ensure institutions meet First Amendment standards.
For more information about FIRE and what the organization does, contact FIRE’s campus Policy Reform team at speechcodes@thefire.org.
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