Business Services Industry
10 who made news throughout '99.
Business Insurance, December, 1999
Louisiana Insurance Commissioner Jim Brown won re-election to a third term despite a federal indictment on conspiracy and other charges. The commissioner and five others, including former Louisiana Gov. Edwin Edwards, were charged with helping the owner of failed Shreveport, La., insurer Cascade Insurance Cos.
avoid a $27 million lawsuit by the state. Mr. Brown faces 56 charges, including conspiracy, insurance fraud, witness tampering and making false statements to federal officials. After the indictments were announced, the commissioner said that he felt like a "victim in a drive-by shooting," because "I was in the wrong place at the wrong time." He has proclaimed his innocence in the case, which is expected to go to trial sometime in 2000. Mr. Brown...
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