IFAwebnews » Louisiana Citizens

Louisiana’s insurer of last resort settles Hurricane Katrina suit

IFAwebnews Staff — Thu, 26 Aug 2010 11:19:24 +0000

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.

Louisiana’s insurer of last resort settles Hurricane Katrina suit via IFAwebnews.

Has insurance industry learned lessons from Hurricane Katrina?

John Lobert — Thu, 12 Aug 2010 18:31:58 +0000

The trade and mainstream press will soon be filled with articles commenting on the five-year anniversary of Hurricane Katrina—the largest insurance event in history and certainly one of the deadliest. Rather than look at the accumulated statistics, I thought it would be interesting to ask the question, “Have the Atlantic and Gulf Coast state insurance markets prepared for the next big hurricane?”

Has insurance industry learned lessons from Hurricane Katrina? via IFAwebnews.

Forecasts for hurricane season rivaling 2005 put insurers on edge

Bob Graham — Tue, 01 Jun 2010 16:15:18 +0000

The annual hurricane season begins today (June 1), with forecasts for more storm activity than in the years since Hurricane Katrina battered the Gulf Coast.

Forecasts for hurricane season rivaling 2005 put insurers on edge via IFAwebnews.

Former Louisiana Citizens executive pleads guilty to theft charge

IFAwebnews Staff — Tue, 23 Mar 2010 12:31:07 +0000

The former chief executive officer of Louisiana Citizens Property Insurance Corp. pleaded guilty to using money from several state-run insurance companies’ expense account for personal uses, which could net him up to 30 months in state prison.

Former Louisiana Citizens executive pleads guilty to theft charge via IFAwebnews.

Hanover reaches deal with Louisiana to reduce its homeowners’ policies

Keith L. Martin — Mon, 22 Feb 2010 14:06:09 +0000

The Hanover Insurance Group and Louisiana regulators have reached an agreement for the insurer to withdraw two of its companies doing business in the state, but continue coverage through a new partnership.

Hanover reaches deal with Louisiana to reduce its homeowners’ policies via IFAwebnews.

Louisiana aiding homeowners affected by defective Chinese drywall

Keith L. Martin — Wed, 25 Nov 2009 14:00:51 +0000

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 aiding homeowners affected by defective Chinese drywall via IFAwebnews.

Deal in Hurricane Katrina, Rita case spares homeowners’ assessment

Keith L. Martin — Tue, 25 Aug 2009 14:30:07 +0000

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 →

Deal in Hurricane Katrina, Rita case spares homeowners’ assessment via IFAwebnews.

Insurer to pay $92.8 million for Katrina claims

IFAwebnews Staff — Wed, 01 Apr 2009 06:00:25 +0000

Courtesy: FEMA

A Louisiana judge has ordered Louisiana Citizens Property Insurance Corp. to pay $92.8 million to 18,573 policyholders in the state whose claims from damage caused by Hurricane Katrina ... Read →

Insurer to pay $92.8 million for Katrina claims via IFAwebnews.