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Louisiana Citizens Property Insurance Corp. Increases Commercial Coverage Limits

Louisiana Citizens Property Insurance Corp. Increases Commercial Coverage Limits

The Louisiana Department of Insurance said that the board of directors of the Louisiana Citizens Property Insurance Corp. (Citizens) has voted to increase the amount of commercial property insurance coverage available to businesses to ensure they can acquire sufficient coverage through Citizens if they are not able to secure coverage in the private market.
November 17, 2021 Legislation & Regulation Property Louisiana

 FEMA Trailers Slow To Reach Hurricane Ida Victims

FEMA Trailers Slow To Reach Hurricane Ida Victims

Thousands of Louisianans seeking federally provided travel-trailers may have to wait months longer, FEMA’s top official said Monday. The Federal Emergency Management Administration has identified about 3,000 people who will qualify to get the trailers, Administrator Deanne Criswell said.
November 2, 2021 Catastrophe Property Louisiana

Louisiana Insurers Can Start Canceling Policies Again After Hurricane Ida

Louisiana Insurers Can Start Canceling Policies Again After Hurricane Ida

Beginning Monday, insurers can resume the process of canceling or non-renewing coverage for policyholders in southeast Louisiana after the state’s top insurance regulator opted not to extend emergency protections issued ahead of Hurricane Ida.
October 25, 2021 Catastrophe Legislation & Regulation Property Louisiana

Louisiana DOI Offers Mediation For Hurricane Ida Policy Disputes

Louisiana DOI Offers Mediation For Hurricane Ida Policy Disputes

Policyholders at odds with their insurers over Hurricane Ida damage claims may now be able to resolve their disputes through a mediation program created by the Louisiana Department of Insurance, a press release states.
October 19, 2021 Property Louisiana

Over 110K Louisiana-Licensed Adjusters, But Many Policyholders Still Awaiting Initial Contact

Over 110K Louisiana-Licensed Adjusters, But Many Policyholders Still Awaiting Initial Contact

Insurance adjusters in many cases are nearing the half-way point of the 60-day period when they must make initial contact with policy holders who have filed claims in the aftermath of Hurricane Ida.
September 30, 2021 Catastrophe Property Louisiana

Fed Gov Has Distributed Over $800M In Hurricane Ida Recovery Efforts

Fed Gov Has Distributed Over $800M In Hurricane Ida Recovery Efforts

A Wednesday news release from the federal government revealed that in the 30 days since Hurricane Ida struck Louisiana, disaster survivors have received more than $660 million in grants in addition to $211 million in low-interest loans.
September 30, 2021 Catastrophe Louisiana

New Orleans Launches Program To Pay Insurance Deductibles For Some Residents With Ida Damage

New Orleans Launches Program To Pay Insurance Deductibles For Some Residents With Ida Damage

New Orleans residents who are facing daunting homeowners insurance deductibles that could keep them from repairing damage Hurricane Ida caused to their homes can apply for assistance through an unprecedented program the city is launching to keep people from being displaced by the storm.
September 30, 2021 Catastrophe Property Louisiana

Hurricane Nicholas Insured Loss Around $950M: KCC

Hurricane Nicholas Insured Loss Around $950M: KCC

The insurance and reinsurance market loss from recent hurricane Nicholas is estimated to be around US $950 million, according to modelling analysis undertaken by catastrophe risk specialist Karen Clark & Company.
September 20, 2021 Auto Catastrophe Property Louisiana Texas

Prepare To Fight For Storm Compensation Claims, Louisiana Insurance Commissioner Says

Prepare To Fight For Storm Compensation Claims, Louisiana Insurance Commissioner Says

Louisiana Insurance Commissioner Jim Donelon said Wednesday that policyholders who were affected by Hurricane Ida and Tropical Storm Nicholas - and who might have to weather more storms before this year’s hurricane season ends - should file claims early and be prepared to fight for them.
September 17, 2021 Property Louisiana

As Nicholas Stalls Over Louisiana, Three Potential Storms Are Crowding The Atlantic

As Nicholas Stalls Over Louisiana, Three Potential Storms Are Crowding The Atlantic

Three weather disturbances lurking in the Atlantic could spell trouble for U.S. coastal areas once the relentless rains from the remnants of Hurricane Nicholas finally pass.
September 16, 2021 Property Alabama Louisiana Mississippi

NFIP Expiration Would Impact 500,000 Louisiana Homeowners

NFIP Expiration Would Impact 500,000 Louisiana Homeowners

In about two weeks, the National Flood Insurance Program (NFIP) is set to expire, and its end could leave some 500,000 homeowners in Louisiana without coverage for flood damage.
September 16, 2021 Property Louisiana

ClaimsPro Acquires Adjusting Firm CJ Hester

ClaimsPro Acquires Adjusting Firm CJ Hester

ClaimsPro, an independent adjusting and claims management company, has announced that it has acquired CJ Hester, a multi-state independent adjusting company based in Mobile, Ala.
September 15, 2021 Property Alabama Florida Georgia Louisiana Mississippi

The Federal Government Sells Flood-Prone Homes To Often Unsuspecting Buyers

The Federal Government Sells Flood-Prone Homes To Often Unsuspecting Buyers

The first thing Larry McCanney fell in love with was the tree in the front yard. It cast shade on the porch of a house that, if he were honest, needed some work. But McCanney is handy, the price was right and the location was perfect, just a couple of miles from his childhood home in Burlington, N.J.

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September 15, 2021 Property Florida Louisiana Mississippi New Jersey

Nicholas Threatens Flooding In Texas, Louisiana After Making Landfall As A Hurricane

Nicholas Threatens Flooding In Texas, Louisiana After Making Landfall As A Hurricane

Nicholas threatens to bring high winds, torrential rain and flooding to eastern Texas and Louisiana after making landfall early Tuesday as a Category 1 hurricane along the Texas Gulf Coast.
September 14, 2021 Property Louisiana Texas

Allstate, USAA To Provide Additional ALE Coverage To Ida Evacuees In Louisiana

Allstate, USAA To Provide Additional ALE Coverage To Ida Evacuees In Louisiana

Two of the most prominent U.S. insurance companies have responded to President Joe Biden’s call to cover additional living expenses for policyholders in Louisiana who evacuated their homes ahead of Hurricane Ida, but were not under specific mandatory evacuation orders.
September 9, 2021 Catastrophe Property Louisiana
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