Regulators Urge Insurers To Grant Grace Periods To Hurricane Katrina Victims

Wednesday, September 7th, 2005 Catastrophe Legislation & Regulation Liability Property

Insurance regulators in Alabama, Louisiana and Mississippi are urging insurers to offer grace periods to individuals affected by Hurricane Katrina. In Mississippi, Insurance Commissioner George Dale has issued a directive asking insurers doing business in that state to grant a 60-day grace period for collection of insurance policy premiums owed by residents affected by the hurricane. Similar requests have been made by Alabama Insurance Commissioner Walter Bell, and Louisiana Insurance Commissioner Robert Wooley.

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http://www.namic.org/topnews/050906st1.asp

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