A Louisiana administrative hearings panel has ruled that Insurance Commissioner Jim Donelon was justified in preventing State Farm from enforcing a hurricane deductible for certain losses caused by Hurricane Barry in July 2019.
The Louisiana Division of Administrative Law (DAL) recently affirmed Donelon’s decision to issue a cease-and-desist order in August 2019 following a policyholder’s complaint that State Farm’s hurricane deductible was improperly applied to their claim. Donelon’s action prohibited the enforcement of a hurricane deductible for losses occurring prior to 10 a.m. on July 13, 2019.
Hurricane Barry made landfall in Louisiana in July 2019, causing approximately $600 million in damage.
tate Farm has 30 days from the date of signing/issuance of the decision to file an appeal.
Was this article valuable?
Here are more articles you may enjoy.
NYC Halts Construction at 222 Broadway Office-to-Residence Tower
AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’
eBay Settles Couple’s Harassment, Stalking Claims for $55.7 Million
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 

