Hurricane Isaac leads to out-of-pocket expenses in Louisiana

Insurance Commissioner Jim Donelon - Insurance News

Hurricane Isaac spurs unexpected expenses Louisiana continues to struggle in the wake of Hurricane Isaac, which struck the state and other in late August. Insurers and state officials have been working to repair the damage caused by the storm and assist those that have been displaced by the disastrous floods it caused. While state residents continue to piece their lives back together, they may soon face new problems from the state’s insurance industry. Insurance Commissioner Jim Donelon has announced that consumers can expect to see higher out-of-pocket expenses as a…

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Homeowners insurance through Citizens in Louisiana is hanging in there

Citizens Louisiana homeowners insurance

Isaac claims have left the last resort insurer in pretty good shape. Though Hurricane Isaac certainly left its mark and was considered to be a “fairly significant event” for the homeowners insurance of last resort, Louisiana Citizens Property Insurance Corp., the insurer was still able to cover the claims that came in and had the resources that it needed ready and waiting. This insurance news was released by Richard Robertson, the insurer’s chief executive. Citizens is the homeowners insurance company that sells its policies to people within the state who…

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Hurricane Isaac may cause $1.5 billion in damage

Hurricane Isaac Homeowners Insurance Industry Damages

Eqecat predicts the havoc caused by Hurricane Isaac Hurricane Isaac may cause more than $1.5 billion in damage as it makes its way through Louisiana, according to Eqecat, a leading catastrophe modeling firm. The hurricane, which made landfall earlier in the week, is expected to makes its way through Louisiana, Mississippi and Alabama. Thus far, the storm has caused a significant amount of damage in and has left more than 644,000 people across several states without power. Eqecat suggests that Hurricane Isaac is just reaching its stride and the storm…

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Two Landfalls by Hurricane Isaac cause Severe Flooding in Louisiana: AIR

hurricane isaac

BOSTON, Aug. 29, 2012 – According to catastrophe modeling firm AIR Worldwide, by 7:00 AM CDT this morning (8:00 AM EDT), Isaac had made two separate landfalls, both as a Category 1 hurricane. The first occurred on August 28 at low-lying Plaquemines Parish, Louisiana, at around 7:45 PM CDT. Instead of continuing inland as expected, the storm veered sharply to the southwest and re-emerged over the water, which allowed it to maintain its strength. It then made a second landfall this morning just west of Port Fourchon, Louisiana, at around…

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