Insurers have increased by 25% since the end of last year estimates of the claims costs for three hurricanes that struck Louisiana in 2020, according to the state insurance department. The Louisiana Department of Insurance reported that insurance companies now …
Nearly $22 million in additional funding is now available from FEMA to assist in recovery from Hurricane Laura in Louisiana. FEMA said that damage from Laura was so severe that it crossed the threshold of FEMA’s normal public assistance cost-share …
The Louisiana Department of Insurance Office of Consumer Services recovered more than $22 million for consumers from insurance companies through complaint resolution in 2020, the department reported. All payouts are in excess of what insurers originally offered consumers for their …
Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of 2020 from Hurricanes Laura, Delta and Zeta, the state insurance department reported. This data represents the first …
FEMA has approved more than $1 billion in federal disaster assistance, long-term disaster loans and flood insurance claims since Hurricanes Laura and Delta hit the state in 2020. Laura made landfall in Louisiana in late August 2020 and Delta in …
As southwest Louisiana recovers from the back-to-back hurricanes that hammered the region this year, signs of progress compete with lingering evidence of mass destruction. The fallen trees that carpeted neighborhoods have mostly been chopped up and hauled away, but the …
Reported insured losses from Hurricanes Laura and Delta collectively have topped more than $5 billion as of Nov. 20, the state insurance department said. More than 236,938 claims had been reported as of Nov. 20 for the two hurricanes that …
Southwest Louisiana lawmakers on Dec. 16 criticized the insurance industry’s handling of claims from Hurricanes Laura and Delta, describing slow responses, low-balled damage estimates and drones used to assess destruction instead of people. “We’re almost four months ago (since Laura), …
The insurance committees of the Louisiana Senate and House of Representatives will hear about the impact of multiple 2020 hurricanes and the COVID-19 pandemic on insurance rates in a joint meeting on Dec. 16. Presenters include representatives from the Louisiana …
A federal judge in western Louisiana has approved a plan on how to settle thousands of lawsuits expected to be filed against insurance companies over damage from a pair of hurricanes that hit the region six weeks apart. Insurance companies …
