Louisiana Insurance Claims News (Page 5)

Record-Breaking 2024 Hurricane Season Ends with $50 Billion in Insured Losses

The 2024 Atlantic hurricane season, ending with 18 named storms, saw record-breaking storms, including Hurricane Milton, which inflicted billions in insured losses across the U.S.

December 2, 2024 Catastrophe Insurance Industry Property Risk Management Florida Georgia Louisiana North Carolina South Carolina

AI Weather Models Prove Effective During Hurricane Season

AI-powered weather models, like Google DeepMind’s GraphCast, are transforming hurricane forecasting, demonstrating enhanced accuracy and speed compared to traditional physics-based methods.

November 20, 2024 Catastrophe Insurance Industry Risk Management Technology Louisiana Texas

Flood Insurance Gaps Highlighted by Hurricane Helene’s Impact

The devastation caused by Hurricane Helene sheds light on the widespread lack of flood insurance, revealing critical challenges in accessibility, affordability, and risk awareness.

November 18, 2024 Legislation & Regulation Property Risk Management Florida Louisiana Texas

AI Revolutionizes Hurricane Forecasting with Unprecedented Accuracy

AI weather models like GraphCast demonstrated remarkable accuracy during this hurricane season, outperforming traditional models in predicting storm tracks but facing challenges with intensity forecasting.

November 15, 2024 Catastrophe Risk Management Technology Louisiana Texas

Florida Communities’ Resilience Investments Prove Effective Against Hurricane Milton

As Hurricane Milton hit Florida, resilience-focused communities like Babcock Ranch and Hunters Point emerged unscathed, showcasing how disaster preparedness measures protect homes and reduce long-term costs, even amid costly initial investments.

November 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama California Florida Louisiana Oklahoma

How Attorney Ads May Drive Up Auto Insurance Rates, Per New Survey

A recent IRC survey reveals that attorney advertising may be influencing auto insurance costs, as 60% of respondents link it to higher claims and 52% believe it raises insurance premiums.

October 30, 2024 Auto Insurance Industry Legislation & Regulation Litigation Florida Georgia Louisiana

Louisiana’s Auto Insurance Affordability Challenges Persist in 2022

Despite rising incomes, Louisiana remains the least affordable state for personal auto coverage across the South and U.S., with premiums nearly 40% above the national average.

October 15, 2024 Auto Legislation & Regulation Litigation Risk Management Florida Louisiana Mississippi North Carolina

Louisiana Homeowners Targeted by Roofing Contractor in Alleged Insurance Fraud Scheme

A Louisiana couple was allegedly targeted by a fraudulent contractor who caused intentional roof damage, misrepresenting it as storm-related in an attempt to file an inflated insurance claim.

October 11, 2024 Fraud Insurance Industry Litigation Property Louisiana

Flood Insurance Program Struggles with Rising Repeat Payouts

As flood risk intensifies, the National Flood Insurance Program is issuing more repeat payouts, with severe repetitive loss properties surging across the U.S., especially in coastal areas vulnerable to storms.

October 7, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Louisiana New Jersey North Carolina

FEMA Faces Funding Shortage as Hurricane Helene Devastates the Southeast

FEMA is running low on disaster relief funds as it responds to Hurricane Helene, which caused severe damage across several Southeastern states. Congress may need to pass additional funding to sustain relief efforts.

October 4, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida Georgia Louisiana North Carolina South Carolina

Dockworkers Reach Tentative Deal, Strike Suspended Until January

U.S. dockworkers have suspended their strike after reaching a tentative agreement with terminal operators, securing a wage increase and agreeing to continue negotiations in January.

October 4, 2024 Legislation & Regulation Litigation Risk Management Alabama Florida Georgia Louisiana Maryland

Homeowners Insurance Costs Surge Across the U.S., Florida Takes the Lead with Soaring Rates

Homeowners across the U.S. are facing sharp insurance premium hikes, with Florida seeing the steepest increases, fueled by hurricane risks, fraud, and lack of competition.

September 18, 2024 Catastrophe Litigation Property Risk Management Florida Louisiana Texas

Hurricane Francine Risks $1.5 Billion in Insured Losses as it Strikes Louisiana

Hurricane Francine made landfall in Louisiana as a Category 2 storm, with CoreLogic estimating insured losses at up to $1.5 billion, impacting residential and commercial properties across the Gulf Coast.

September 13, 2024 Catastrophe Insurance Industry Property Risk Management Alabama Kentucky Louisiana Mississippi Missouri

Louisiana Residents Begin Cleanup After Hurricane Francine’s Devastation

Residents across southern Louisiana are starting the cleanup process following Hurricane Francine, which brought 100-mph winds, severe flooding, and widespread storm surge damage to coastal communities.

September 12, 2024 Catastrophe Insurance Industry Property Risk Management Louisiana

Millions Under Flood Watch as Hurricane Francine Weakens, Brings Heavy Rains Inland

As Hurricane Francine moves inland, millions from Florida to Tennessee remain under flood watch, with heavy rains and tornado warnings threatening areas across the South. Power outages and damage reports continue.

September 12, 2024 Catastrophe Litigation Property Risk Management Alabama Florida Georgia Louisiana Mississippi