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Donelon Injunction Dismissed |
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Wednesday, September 27, 2006 |
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| Publicity stunt backfires as Cain campaign ads proven 100% factual
(Baton Rouge, LA) - The ruling today by the 19th ... |
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Donelon Defends Billing the State to Attend Parties |
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Thursday, September 21, 2006 |
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| Jim Donelon explains how he was able to retire making over 100k a year and bill the state $50/hour at the same ... |
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Profit from Power – Pt. 2: Donelon Covered-up his Record of Abusing Power for Personal Gain |
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Tuesday, September 19, 2006 |
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| (Metairie, LA) - As a State Legislator, Donelon pocketed hundreds of thousands of dollars from state contracts, and ... |
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| Press Archive |
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Insurance Department is Doing Too Little - Too Late
For Immediate Release
Wednesday, May 17, 2006
Contact: Daniel Edwards, (225) 753-3548
Print Version
Senator James David Cain, Chairman of the Senate Insurance Committee, reacted today to the insurance department’s announced investigations.
Senator James David Cain said, “I appreciate that the department has finally started to come around and now realizes that we have tremendous problems to solve. But this is too little and it’s way too late.”
Ten months after Hurricane Katrina, the Louisiana Department of Insurance has announced that it will begin investigating complaints filed by homeowners across Louisiana on two insurance companies.
And then, after the investigation is complete, and only after, it will begin investigating the Louisiana Citizens Property Insurance Corporation (Citizens). Citizens is actually overseen by the Louisiana Department of Insurance and therefore they would be investigating themselves.
According to Senator Cain, “They should have begun an internal investigation of Citizens Insurance Corporation months ago. The state can’t afford to wait for some date that is to-be-determined in the future.”
The citizens of Louisiana face an urgent problem and they need immediate relief.
According to Senator Cain, “Citizens Insurance Corporation should immediately turn over all of their records to the legislative auditor’s office. It’s time for them to let an independent party review the situation.”
By statute, the Chairs of the House and Senate Insurance Committees and the Commissioner of Insurance, or their designees, all serve on the Citizen’s Board. Senator Cain resigned earlier this year and appointed a designee, citing a lack of an audit by the Louisiana Legislative Auditor. Citizens is required, by law, to submit their financial records to the legislative auditor but has not done so.
“They haven’t gotten an audit of the financial documents on this corporation since its inception, even though the audit is required by law. We have no way of knowing if money was being mishandled. I simply refused to serve on a board that won’t provide basic financial information to their board members. They can’t expect people to serve on a board when the company won’t follow the law.” said Cain.
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