Tag: Louisiana Hurricane Laura

Louisiana faces home insurance “crisis” as more companies leave

G. Turner
Home insurance - Crisis - Rocks

Over 20 insurers have exited the state or have gone bankrupt within the last two years. Thousands of Louisiana residents are struggling to find affordable home insurance coverage as insurers continue to leave the state following years of catastrophic storms. The storms have been increasing in both frequency and intensity, leaving expensive damage behind. Louisiana has been the center of the destruction and devastation left behind by several major storms in recent years. As a result, the cost of doing business in the state has been skyrocketing for home insurance…

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Insurance company loses first federal Hurricane Laura court case

Logan B.
Insurance company - Law decision

A jury decided against the insurer in a victory for a Lake Charles commercial property owner. The first ever Hurricane Laura case heard by a federal court has ended in a decision against an insurance company and in favor of Joey Odem, the plaintiff who is the owner of a commercial property near Lake Charles’ Petro Point. This case represents only the first one heard in a federal court from among more than 3,000 filings. This was the first Hurricane Laura jury trial case, and it was not a win…

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New Louisiana insurance regulation will assist those affected by Hurricane Laura

Logan B.
Louisiana insurance regulation - Destruction after natural disaster

State residents who continue to be without electricity may benefit from the new rule. Survivors of the disaster left behind by Hurricane Laura may benefit from a new Louisiana insurance regulation until their electricity is turned back on. The new emergency rule applies to policyholders in the state implemented by Commissioner Donelon. The new emergency Louisiana insurance regulation allows homeowners and business policyholders to file claims during times when hundreds of thousands of residents of the Southwestern part of the state remain without electricity. It is meant to provide these…

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