Tag: Louisiana

April 29, 2022

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 […]

February 4, 2022

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 […]

September 9, 2021

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 […]

July 6, 2021

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 […]

May 20, 2021

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 […]

May 3, 2021

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 […]

February 2, 2021

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 […]