After a couple of years of catastrophic weather losses in Louisiana, Commissioner of Insurance Jim Donelon filed a petition in the 19th Judicial District Court in Baton Rouge on Nov. 10 seeking to put two Louisiana-domiciled homeowners companies in supervision. A...

“If you can see water, your rates are going up.” In a nutshell, that’s what implementation of FEMA’s new Risk Rating 2.0 methodology means for property owners in Louisiana who have flood coverage in the National Flood Insurance Program.Those are the words of Gregg...

At Louisiana Citizens Property Insurance Corp.’s (LCPIC) Nov. 10 board of directors meeting, the board voted to temporarily increase the commercial coverage limits to $10 million for a single building, $3.2 million in contents, and up to $20 million of aggregate...

FedNat Holding Company announced Nov. 8 in a report on its third quarter results that it plans to exit the Louisiana and Texas homeowners insurance markets and run off its subsidiary, Maison Insurance Company. The company cites hurricane related losses over the past...

The latest tally on the insured losses from the 2020 hurricane season is in, and insurers have paid or reserved to pay $10.6 billion to cover claims in Louisiana from hurricanes Laura, Delta and Zeta as of Sept. 30, according to the latest data call issued by the...

Despite an underwriting loss in 2020, the U.S. commercial auto insurance market experienced results that were the best it has seen in several years across a number of key metrics, according to a new AM Best report. The results of the report were released Nov. 8.The...

State Farm is seeking a stay order from the Louisiana Division of Administrative Law (DAL) to put on hold Commissioner of Insurance Jim Donelon’s directive requiring the company to pay policyholders’ evacuation expenses for Hurricane Ida. Donelon issued Directive 218...