hurricane laura losses News

Fifth Circuit Upholds $502K Award for Louisiana Church in Hurricane Laura Damage Suit

The United States Fifth Circuit Court of Appeals earlier this month upheld a 2022 decision against Church Mutual Insurance Co. in favor of Sugartown United Pentecostal Church in Dry Creek, Louisiana, which sits about 50 miles northeast of Lake Charles. …

Report: Louisiana Seafood Industry Saw $580M in Losses From 2020-21 Hurricanes

Louisiana’s fisheries and seafood businesses experienced approximately $580 million in total losses resulting from four hurricane between August 2020 to August 2021, according to a new report by the Louisiana Sea Grant and the Louisiana Department of Wildlife and Fisheries. …

Louisiana Apartment Complex Still Reeling From Laura Damaged by Tornado

Rising after a hard knock can be wrenching, but for Claudette Price _ who has just endured her fourth punch _ accepting defeat is not an option. In the three years she has been the leasing manager for the Claire …

Analysts Warn of Effects of Hurricane Laura Losses on P/C Insurers

Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on its rated insurance companies’ balance sheets, which it adds …