Tag: Hurricane

Capital and Risk, Insurance

Louisiana Orders Insurer to Halt Non-Renewing Homeowners Policies after 2020 Hurricane Season

July 6, 2021

Via: Insurance Journal

Louisiana Insurance Commissioner Jim Donelon has ordered GeoVera Specialty Insurance Co. to stop non-renewing Louisiana homeowners policies in violation of state law. In a cease and desist order issued last week, Donelon told the California surplus lines company that it […]

Activity, Insurance

Report Says Major Hurricane Could Cost Virginia $40B

June 25, 2019

Via: Insurance Journal

Experts say that southeastern Virginia could suffer $40 billion in losses if it’s struck by a major hurricane. Professors from Old Dominion University said in a recent report that the damages could seriously puncture the regional economy. The June 12 […]