Louisiana Department of Insurance (LDI) News

Louisiana Dept. of Insurance to Hold Hurricane Prep Event

The Louisiana Department of Insurance (LDI) and Habitat for Humanity will hold a hurricane preparation session at Mandeville Community Center on September 26, 5:30 p.m. The session, Insurance Information on Preparing for Hurricane Season, will take policyholders through the components …

Louisiana Dept. of Insurance Fines Public Adjuster Accused of Pocketing Insurer Payouts

The Louisiana Department of Insurance has ordered a Texas father-and-son public adjusting team to pay a $50,000 fine for pocketing money that was intended for insurance claimants. The department on Aug. 18 revoked the public adjuster license issued to Kade …

Public Adjusting Firm Accused of Pocketing Insurer Payouts in Texas, Louisiana

The Texas Department of Insurance says a public adjusting firm that was sanctioned last month by Louisiana regulators has pocketed more than $300,000 in insurer payouts intended for Texas property owners. TDI is asking the Texas State Office of Administrative …

Louisiana Policyholders Recover $129 Million

Commissioner Jim Donelon announced the Louisiana Department of Insurance (LDI) recovered funds of $129 million in addition to the original amounts offered by insurance companies in Fiscal Year 2021-2022. The additional money is the result of consumers filing complaints with …

Louisiana Insurers Have Paid $13.1 Billion on Ida Claims

Louisiana insurers have paid or reserved to pay $13.1 billion on Hurricane Ida claims through June 30, 2022, the state’s department of insurance announced this week. Policyholders have filed 460,709 claims of all types from Hurricane Ida as of the …

Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments

Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance on July 22 issued non-resident public adjuster Kade Austen Mitchell and his agency a cease-and-desist order and notice of suspension for improperly withholding, misappropriating, or …

Louisiana Extends Ida Mediation Program Through End of 2022

Louisiana’s Hurricane Ida Mediation Program is being extended through December 31, 2022, Louisiana Insurance Commissioner Jim Donelon announced. The voluntary Hurricane Ida Mediation Program, which is open to authorized property and casualty insurers and surplus lines insurers, was created to …

Louisiana Extends Policy Cancellation Date for Lighthouse Excalibur

Louisiana Insurance Commissioner Jim Donelon has extended the policy cancellation date for failed insurer Lighthouse Excalibur to June 30 following the Louisiana Department of Insurance’s (LDI) action to secure additional reinsurance for those policyholders through the end of this month. …

Louisiana Dept. of Insurance Amending 5 Regulations

The Louisiana Department of Insurance (LDI) said in the last two weeks it intends to amend at least five regulations. The LDI seems to amend Regulation 42 to bring the regulation into alignment with current law. Definitions have been updated. …

Louisiana Audit Shows Hurricanes Led to Increase in Insurance Complaints

Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes, according to a report released this month by the Louisiana Legislative Auditor. The Louisiana Department of Insurance (LDI) received 21,143 complaints in the calendar …