Louisiana seeks takeover of two failing insurers following Ida

The Louisiana insurance commissioner is seeking a government takeover of two regional insurance companies that are facing insolvency due to losses from Hurricane Ida to ensure the company’s policyholders are paid what they are owed, officials say.

Why US inflation is so high, and when it may ease 

Inflation is starting to look like that unexpected—and unwanted—houseguest who just won’t leave.

Belle Chasse oil refinery closing after being damaged by Hurricane Ida 

An oil refinery in Belle Chasse that was flooded during Hurricane Ida is being shut down and turned into a storage terminal, prompting local leaders to assess the potential economic impacts that could come with losing one of the area’s biggest employers.

U.S. casinos cash in with best revenue quarter on record

The nation's commercial casinos took home nearly $14 billion in third-quarter revenue this year, marking the industry's best quarter ever, and pushing U.S. casino revenue past the total for all of 2020, according to figures released Tuesday.

Biden administration wants legal cases against vaccine mandate consolidated 

Its private employer vaccine mandate on hold, the Biden administration wants the multiple challenges to its workplace rule—including Louisiana Secretary of State Jeff Landry’s—consolidated in a single federal court and has asked for a decision by early next week.

2020 hurricane season cost insurers at least $10.6B in Louisiana claims

Insurance companies are on track to pay at least $10.6 billion to cover Louisiana claims for damage caused by Hurricanes Laura, Delta and Zeta, according to Insurance Commissioner Jim Donelon.

US hiring rebounds in October with 531,000 jobs added

America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown.

Lawmakers looking to redraw ‘out-of-balance’ Louisiana Supreme Court map

Louisiana lawmakers are trying to wade into a political thicket they haven't braved in nearly 25 years: the redrawing of maps setting the state's Supreme Court districts.

Emissions from federal oil and gas lease sales under increased scrutiny 

Oil and gas lease sales—one of the tent poles propping up Louisiana’s economy—are again under scrutiny from the Biden administration.

US jobless claims continue falling; hiring slows as companies can’t find workers 

The number of Americans applying for unemployment benefits fell to a pandemic low last week as the job market continues to recover from last year's coronavirus recession.