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.
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.
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.
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.
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.
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.
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.
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.
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.
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.<br /><br />"
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.
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.
The U.S. Coast Guard said on Monday it was investigating nearly 350 reports of oil spills in and along the U.S. Gulf of Mexico in the wake of Hurricane Ida.
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday.
Ida has weakened to a tropical storm as it moves over southwestern Mississippi. On Tuesday, Ida is expected to move across the Tennessee Valley. Hurricane Ida made landfall Sunday at 11:55 a.m. in Port Fourchon.
