Baton Rouge-based BBQGuys and Velocity Acquisition Corp. today announced they have agreed to terminate their planned merger due to the impact of global supply chain issues on BBQGuys’ business.Â
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.
Insurance agents and policyholders are finding it difficult to get answers to their questions about Risk Rating 2.0, the Federal Emergency Management Agency’s new approach to pricing flood insurance.Â
Office occupancy rates, already soft, have held fairly steady throughout the pandemic but some fear that will end when long-term leases come up for renewal.
Louisiana’s U.S. senators have joined several colleagues in proposing legislation to reauthorize the National Flood Insurance Program for five years while making changes that would include capping annual price increases at 9%.