In regulatory news:

The Louisiana Department of Insurance announced that it recovered an additional $2.37 million for insurance policyholders in the first half of 2015. Commissioner Jim Donelon stated in a prepared release that the funds are the result of LDI staff working with insurance companies to resolve complaints from customers that were dissatisfied with the resolutions of their claims. The property/casualty sector had the largest number of complaints filed (792) resulting in $434,359.89 in recovered funds. The agency also announced two new appointments: Jeffrey Zewe has been appointed Deputy Commissioner of the newly formed Office of Consumer Services and Darie Jordan has been named Director of the Louisiana Automobile Theft and Insurance Fraud Prevention Authority (LATIFPA).

Read further details via LDI here.

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