Louisiana Citizens Property Insurance Corp. plans to pay $23 million to settle a civil suit where thousands of people say they were not properly compensated for hurricane losses after Hurricanes Katrina and Rita.

After less than two years on the job, the head of the Nevada Division of Insurance has resigned from that post.

The hurricane season that ended Nov. 30 was the calmest in 12 years, according to a national insurance research organization.

As the federal government begins to weigh in on the effect of defective Chinese drywall on homes across the nation, a unique provision in Louisiana law is protecting homeowners in that state.

Louisiana homeowners will avoid an emergency assessment through a deal where Louisiana Citizens Property Insurance Corp. will pay $6 million toward a class action judgment.

Courtesy: FEMA

Earlier this year, a …  Read →