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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Thousands of flood insurance claims coming from Louisiana in wake of Isaac

Flood Insurance

State announces thousands of flood insurance claims generated by Hurricane Isaac Hurricane Isaac has come and gone and the storm has left devastating floods in its wake. Louisiana was struck hard by these floods, with many of the state’s southern counties being inundated with water. According to Insurance Commissioner Jim Donelon, thousands of flood insurance claims have been generated by the storm, many of which coming from throughout the state. State officials note that a scant 31% of Louisiana residents have flood insurance coverage, leaving many with damaged property without…

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Louisiana consumers encouraged to examine their flood insurance policies

New York Homeowners Insurance Rules

Commissioner Donelon advises consumers to make sure they are protected by their insurance policies Tropical Storm Ernesto has formed in the Gulf of Mexico and is expected to cause some damage in Belize and Mexico. Though U.S. states are not expected to see any significant impact from the storm, Louisiana’s Insurance Commissioner, Jim Donelon, is taking the opportunity to encourage consumers to make sure they insurance policies are capable of protecting them. Commissioner Donelon notes that because Ernesto is not expected to hit Louisiana that it is unlikely for future…

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Citizens Insurance may be reaching the end of lengthy legal battle

Hurricane Katrina insurance industry

Long-standing litigation could be nearing resolution Louisiana’s Citizens Property Insurance is in the throes of litigation due to the actions it had taken in 2005 during Hurricanes Katrina and Rita. A total of 18,573 plaintiffs filed a lawsuit against the state-run insurance company, claiming that it did not properly follow its own claims policies in the wake of the catastrophic hurricanes. The lawsuit has been tied up in the legal process for several years, but the issue may be close to reaching a resolution. Plaintiffs could receive some $3,000 by…

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Louisiana passes new auto insurance law

Louisiana Auto Insurance rates

New law expands the authority of law enforcement in the state A new law has passed in Louisiana, giving the state’s law enforcement expanded authority over vehicles that may not be insured. The state’s auto insurance laws have been in flux recently, with lawmakers considering several reforms or new legislation that would help  solve some of the issues with the state’s ongoing struggle with insurance fraud and the growing lack of auto insurance coverage. The legislation, House Bill 1053, was signed into law this week by Governor Bobby Jindal. State…

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