This is the Acadiana Business e-mail newsletter from The Acadiana Advocate.
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The Advocate
Wednesday, July 5th, 2023
 
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In Louisiana's grim insurance markets, some companies take the self-insuring route

by Adam Daigle | Acadiana business editor​ ​ ​

Good morning, Acadiana business news readers. Hope your holiday was time well-spent. It's business news time here. So you know what that means. 

One of the largest development firms in New Orleans, whose high-profile projects have included the $530 million Four Seasons Hotel at the foot of Canal Street, has faced some serious "sticker shock" when it comes to its insurance premiums in the last couple years. 

But unlike the average resident or mom-and-pop business, Woodward Design + Build has managed to find a self-insurance option that is available only to an elite few.

The company,  which employs about 200 people and has annual revenue in the neighborhood of $300 million, recently joined two group captive insurance programs—basically exclusive self-insurance clubs—in an effort to bring its premiums under control.

Check out the full story here.

Have a great rest of your week and thanks for reading. 

 
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Daughter of French WWII POW seeks top honor for Louisiana veterans

Pascale Lozano, 62, a native of Paris and resident of Lafayette, is on a mission to ensure that American veterans of WWII who helped liberate her home country are honored and remembered for their sacrifices. Read more

Update: Security equipment failure at Lafayette airport repaired

Update: The equipment failure at the Lafayette Regional Airport has been repaired, airport officials said late Tuesday. Read more

Lafayette slam poets bringing new festival to Lafayette in 2025

A new festival will come to Lafayette for the first time in 2025 after a local slam poetry team successfully pitched “The Hub City” as a host for the regional poetry competition. Read more

 
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