Designed to Be Catastrophe Resistant, Too In one of the New Orleans neighborhoods hit hardest by flooding in Hurricane Katrina’s aftermath, developers have built a prototype house that’s aimed at providing a quick housing solution for areas blown away by …
In one of the New Orleans neighborhoods hit hardest by flooding in Hurricane Katrina‘s aftermath, developers have built a prototype house that’s aimed at providing a quick housing solution for areas blown away by hurricanes and tornadoes or knocked down …
Louisiana’s property insurer of last resort has asked the nation’s highest court to hear an appeal of a $104.6 million award to 18,500 policyholders who sued over slow adjustment of hurricane claims in 2005. The action by Louisiana Citizens Property …
The Louisiana Supreme Court has struck down another attempt by the state’s property insurer of last resort to avoid paying more than $100 million for late adjustment of hurricane damage claims in 2005. The April 9 ruling reversed a state …
A state appeals court has blocked policyholders of Louisiana Citizens Property Insurance Corp. from collecting more than $100 million for the company’s failure to handle claims quickly enough following the 2005 hurricanes. The state 5th Circuit Court of Appeal issued …
Louisiana’s property insurer of last resort has offered to settle a dispute over slow handling of hurricane claims from 2005 for up to $80 million, with no more than $25 million of that for attorneys’ fees — an offer that …
The governing board of Louisiana’s property insurer of last resort held a special meeting on Jan. 31 to discuss how to deal with a judge’s order that lifted a freeze on more than $100 million at issue in a long-running …
Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an average 11.3 percent increase for 71,000 homeowners covered by …
Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana Citizens Property Insurance Corp., the wait to go private …
Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. spokeswoman Molly Quirk told The Associated Press that the $32.2 million increase goes into effect with new …
