Tag: Louisiana

Capital and Risk, Insurance

Louisiana Insurers Have Paid or Reserved $12.1B on Ida Claims

April 29, 2022

Via: Insurance Journal

Louisiana Insurance Commissioner announced insurers have paid or reserved $12.1 billion on all types of Hurricane Ida-related claims in Louisiana through March 31. This data is the second measure of damage from Hurricane Ida, which struck the state on August […]


Louisiana Dept. of Insurance to Streamline Form-Filing Process for Five New Commercial Lines

February 4, 2022

Via: Insurance Journal

The Louisiana Department of Insurance announced Feb. 3 that it is streamlining the form-filing process for five additional lines of commercial insurance by adding them to the list of lines eligible for certified approval. The LDI said that the certified […]

Capital and Risk, Insurance

Louisiana Orders Insurers to Pay Hurricane Ida Evacuation Expenses

September 9, 2021

Via: Insurance Journal

Louisiana’s top insurance regulator on Sept. 7 directed insurance companies pay policyholders’ Hurricane Ida evacuation expenses as damaged infrastructure and dangerous living conditions in Southeast Louisiana keep people from returning home. Directive 218, issued by Insurance Commissioner Jim Donelon, requires […]

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 […]

Capital and Risk, Insurance, Regulations

Louisiana Private Flood Insurance Bill Returned to House from Senate

May 20, 2021

Via: Insurance Journal

A Louisiana bill that would make it easier for private flood insurance carriers to offer flood insurance in the state has been sent back to the House to contemplate amendments added by the Senate. House Bill 577, by Rep. Scott […]

Capital and Risk, Insurance

Louisiana Bill Would Ban Insurance Rates Based on Gender, Race, Age, More

May 3, 2021

Via: Insurance Journal

A bill currently before the Louisiana Senate Insurance Committee and backed by Gov. John Bel Edwards would ban certain discriminatory practices in insurance rate determinations. Senate Bill 55, introduced by Sen. Jay Luneau, would prohibit based on risks classified by […]

Activity, Insurance

Over $115M in Federal Flood Insurance Paid in Louisiana for 2020 Hurricanes

February 2, 2021

Via: Insurance Journal

As of Feb. 1, the National Flood Insurance Program (NFIP) has paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. FEMA reported that 35% of Louisiana NFIP flooding claims came from […]