Estimates of Onshore Damage from Laura are $4-$12 Billion

Estimates of Onshore Damage from Laura are $4-$12 Billion

Early estimates of onshore property damage from Hurricane Laura by various modelers range from about $4 billion to $12 billion. Those estimates came in from CoreLogic, Karen Clark and Company and AIR. Several days later, risk modeler RMS estimated that onshore and...
LDI Issues C&D Orders to Two Producers

LDI Issues C&D Orders to Two Producers

Commissioner of Insurance Jim Donelon issued a Cease and Desist Order to Monroe insurance producer Jerry Dool for including false information on insurance applications, altering or forging names on checks and electronic transfer forms, and receiving commissions based...
Williams Takes Top Slot at PIA of Louisiana

Williams Takes Top Slot at PIA of Louisiana

The coronavirus pandemic caused the PIA Convention scheduled for July to be canceled, then Hurricane Laura caused the virtual convention that was scheduled in August to be canceled, and the hurricane caused massive destruction to Southwestern Louisiana, but that has...
Donelon Reviews Homeowners Policies

Donelon Reviews Homeowners Policies

The Louisiana Department of Insurance reviewed homeowners policies for Lake Charles residents relative to additional living expenses, LDI said in a news release issued Sept. 14. The review came about after Mayor Nic Hunter of Lake Charles contacted Commissioner of...
LCPIC Board Approves Sending Commercial Filing to LDI

LCPIC Board Approves Sending Commercial Filing to LDI

At its Sept. 10 meeting, the Louisiana Citizens Property Insurance Corp.’s (LCPIC) board of directors voted to approve sending the commercial property rate filing, an overall increase, to the Department of Insurance for approval. Also, because LCPIC’s board has not...
New Orleans attorney Named as Defendant in Federal RICO Suit

New Orleans attorney Named as Defendant in Federal RICO Suit

A New Orleans attorney, who was referred to only as Attorney A in a federal indictment, and two of the players, who recently pled guilty to staging a series of automobile accidents in order to rip-off insurance companies through fraudulent lawsuits, have been sued in...