BATON ROUGE — The board governing Louisiana's property insurer of last resort has agreed to drop rates by 10 percent across a dozen south Louisiana parishes, with the rate cut retroactive to June 7, when the reduction was signed into law.
The $16 million annual rate cut is for customers of the Louisiana Citizens Property Insurance Corp.
Citizens customers won't likely see a change on their bills until November, after the process for changing rates is complete. They'll get rebates for any money they paid above what they should have.
NEWARK, N.J. — The New Orleans Hornets have selected Kentucky forward Anthony Davis with the No. 1 pick in the NBA draft. Davis will begin his pro career in the same city where he ended it with a national title. The 6-foot-10 Davis averaged 14.2 points, 10.4 rebounds and 4.7 blocks.
The New Orleans Hornets have selected Kentucky's Darius Miller with the 46th overall pick in Thursday night's NBA draft. Miller, a 6-foot-8 forward who played four seasons at Kentucky, will join college teammate Anthony Davis, whom New Orleans selected first overall.
The New Orleans Hornets have taken Austin Rivers with the 10th overall pick in Thursday night's NBA draft. Rivers, the son of Boston Celtics coach Doc Rivers, averaged a team-high 15.5 points per game as a freshman at Duke.
U.S. Sen. Mary Landrieu says a transportation bill that Congress is close to approving includes a provision to steer 80 percent of the fines BP PLC is expected to pay in water pollution penalties stemming from the Gulf oil spill to pay for restoration in five Gulf states.
The Army Corps of Engineers says it's scrapping plans to build a levee system to protect a large area of south Louisiana against hurricane flooding on the Barataria estuary southwest of New Orleans. The corps says the project wasn't economically feasible.
WASHINGTON — President Barack Obama will address the National Urban League Conference on July 25 in New Orleans.
The conference by one of the nation's oldest civil rights organizations is focused on increasing employment for African-Americans, who now face a jobless rate of 13.6 percent, nearly 5 percentage points higher than the national average.
PHILADELPHIA — NFL Players Association attorney Jeffrey Kessler says an arbitrator expects to rule within a week on arguments presented concerning the Saints' use of the NFL's franchise tag on quarterback Drew Brees.
Arbitrator Stephen Burbank is handling the matter of how to interpret language in the NFL's collective bargaining agreement, which requires any club that designates a player as a franchise player for the third time to give him a 44 percent raise.