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$41M Recovered for Louisiana Consumers After Hurricane Claims Complaints May 24, 2021 Complaints over insurance claims arising out of the three hurricanes that struck Louisiana last year have resulted in a recovery of $41 million for consumers as of the end of April, Louisiana insurance regulators say. The Louisiana Department of Insurance (LDI) so far has received 1,497 complaints arising from hurricanes Laura, Delta and Zeta. Grievances have included complaints about various types of residential, auto and commercial property insurance, as well as complaints about insurance adjusters and agents, among other issues. The most common topic of concern has shifted as hurricane claims have progressed. In January the most common grievance was claim delay. By May the most common complaint topic was inadequate and delayed payment of claims, LDI says. ....
Florida Insurers Sustain 'A' Ratings, For Now, As 2020 Industry Losses Top $1.5B insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article COLUMBUS, Ohio, March 12, 2021 /PRNewswire/ Given the impact of the extraordinary number of natural disasters in 2017, Demotech published a special issue of The Demotech Difference to discuss the impact of disasters on the industry. Strength Through the Storm focused on promises made and promises kept, featuring the resiliency of Demotech rated carriers. An electronic copy is at: www.demotech.com/pdfs/demotech difference/flexpaper/Strength Through The Storm/index.html. As bad as 2017 was, the natural disasters that property insurers faced in 2018, 2019, and 2020 made 2017 look like a walk in the park. The six more infamous events of 2018 were the Montecito mudslides, Camp Fire and Woolsey Fire in California, Hurricane Florence, Hurricane Michael, and the flooding in Ellicott City, Maryland. ....
Homeowners Claims, Delays Top Louisiana 2020 Storm Complaints January 22, 2021 The majority of complaint Louisiana insurance regulators have received in relation to the historic 2020 hurricane season concern homeowners insurance. The Louisiana Department of Insurance (LDI) reports that nearly 80 percent of the 873 complaints it has received about hurricane claims are about homeowners insurance. Louisiana Insurance Commissioner Jim Donelon is encouraging any policyholder in a dispute with their insurance company to call the department. Hurricane grievances have included complaints about various types of residential, auto and commercial property insurance, as well as complaints about insurance adjusters and agents, but the vast majority of complaints from the 2020 storm season concerned homeowners insurance. The most common grievance was claim delay. ....