Commissioner Donelon seeks extension on deadline for flood insurance claims

flood insurance louisiana new orleans

Commissioner petitions FEMA to extend insurance claims filing period Louisiana Insurance Commissioner Jim Donelon is petitioning the Federal Emergency Management Agency (FEMA) to extend the deadline for homeowners to submit flood insurance claims. The vast majority of homeowners in the state receive their flood protection from the National Flood Insurance Program and per the provisions of the program these people are required to submit proof of loss forms within 60 days after a flood. This may be a problem for homeowners, however, as many have reported needing more time to…

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Health insurance rates going up in Louisiana

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Policies purchased through state’s exchange will have higher premiums beginning in 2015 Those that have purchased health insurance coverage through the Louisiana exchange could see their rates increase in the coming year. The state’s Department of Insurance has announced that approximately 60,000 people that have purchased coverage through the exchange will see rate increases in the double-digits in 2015. This expectation of higher rates comes after receiving proposals from insurance companies. Many insurers are looking to raise the rates for the coverage that they provide in order to better position…

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Health insurance companies in Louisiana seek rate increases for 2015

insurance rates rise

Insurers are looking to raise rates for their coverage beginning in 2015 Some health insurance providers in Louisiana have submitted rate increase proposals that have raised red flags among the state’s regulators. The rate increases are for policies that will be sold through the state’s exchange in 2015. Consumers will be able to purchase these policies beginning on November 15, when the exchanges latest open enrollment period is scheduled to begin. The rate increase proposals coming from insurers are to be reviewed by the state’s insurance regulators. Blue Cross and…

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Health insurance exchange considered too complex in Louisiana

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Commissioner Donelon criticized state’s health insurance exchange Health insurance exchanges throughout the U.S. will begin open enrollment next week, but that does not mean that the controversy surrounding these exchanges will be put to rest, at least not in Louisiana. The state’s Insurance Commissioner, Jim Donelon, claims that consumers will not be able to access enough information to make adequate decisions concerning their health insurance coverage. The Commissioner suggests that the exchanges are designed to be too complex, which could create extreme confusion among those looking to purchase coverage from…

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Homeowners insurance group seeks financial protection against hurricane season

Citizens Insurance Louisiana homeowners insurance property

Homeowners insurance group responds to threats of hurricane season With the peak of the 2013 hurricane season fast approaching in the U.S., Louisiana’s Citizens Property Insurance is looking to protect itself from the financial impact of possible storms. The state-run organization accounts for the majority of the homeowners insurance policies currently in effect throughout the state and primarily provides coverage to properties in coastal areas. Louisiana, like Florida, often falls victim to tropical storms and hurricanes during the hurricane season, but unlike Florida, the state has not managed to avoid…

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