A former deputy insurance commissioner in Louisiana has pleaded guilty to two bribery schemesone with an insurance agent and another with a venture capitalist affiliated with the insurance agent.
A former deputy insurance commissioner in Louisiana has pleaded guilty to two bribery schemesone with an insurance agent and another with a venture capitalist affiliated with the insurance agent.
Legislative and regulatory restraint, strong statewide building codes, and incentive programs to entice new insurers to Louisiana have each contributed to the state's recovery since Hurricane Katrina.
Robert Hartwig, president and chief economist of the Insurance Information Institute, predicted that the verdict--which included $1.5 million in punitive damages--means "trial lawyers will read this