Louisiana Department of Insurance News

Louisiana Fortify Homes Program Opens Third Round of Grants

Louisiana Insurance Commissioner Jim Donelon announced that the Louisiana Fortify Homes Program (LFHP) will open its third round of grants at noon on November 6. There are 750 grants available in the third round, the Louisiana Department of Insurance said. …

Louisiana Policyholders Recover $4.2M in First Half of 2023

The Louisiana Department of Insurance (LDI) received 2,163 complaints and helped consumers recover $4,287,867 in additional payments from insurers between January 1 and June 30, 2023, the department said. Property & Casualty accounted for 1,589 of complaints filed during the …

Louisiana Dept. of Insurance: $92M in Payouts Collected in 2022

Louisiana Commissioner Jim Donelon announced the Louisiana Department of Insurance (LDI) helped consumers collect over $92.3 million in payouts in addition to the original amounts offered by insurance companies in 2022. The additional money is the result of consumers filing …

Unlicensed Louisiana Agent Arrested for Insurance Fraud

In June 2021, Troopers from Louisiana State Police Insurance Fraud/Auto Theft Unit New Orleans Field Office (LSP-IFAT-NFO) began an investigation into a Marrero business providing fraudulent insurance policies. Troopers received information from the Louisiana Department of Insurance (LDI) that representatives …

Weston, UPC Louisiana Policyholders Given 60 Additional Days to Place Policies with Citizens

Insurance Commissioner Jim Donelon announced Tuesday that Louisiana Citizens will provide an additional 60 days after cancellation for insurance agents to place Weston Property & Casualty Insurance Company policies with Citizens while maintaining coverage for policyholders. Weston, a Florida insurer …

Louisiana Insurers Have Paid or Reserved $12.1B on Ida Claims

Louisiana Insurance Commissioner announced insurers have paid or reserved $12.1 billion on all types of Hurricane Ida-related claims in Louisiana through March 31. This data is the second measure of damage from Hurricane Ida, which struck the state on August …

Louisiana Commissioner: Insurers Have Paid or Reserved $10.5 Billion in Ida Claims

Insurers have paid or reserved $10.5 billion on all types of Hurricane Ida-related claims in Louisiana through the end of 2021, Insurance Commissioner Jim Donelon said in a release Jan. 31. The Louisiana Department of Insurance generated claims information from …

Louisiana Homeowners Insurer Americas Placed In Receivership

Louisiana Insurance Commissioner Jim Donelon has placed a homeowners insurance company in receivership after the insurer suffered losses from the combination of Hurricanes Laura, Delta and Zeta in 2020 and Hurricane Ida in 2021. Americas Insurance Company was into receivership …

Hurricane Laura Hit Louisiana a Year Ago but Recovery Is Ongoing

Hurricane Laura made landfall in Southwest Louisiana nearly a year ago but local officials and state insurance regulators say the area still a long way to go to recover. Laura, which made landfall on August 27, 2020, displaced 2005’s Hurricane …

$22M-Plus Recovered for Louisiana Insurance Consumers in 2020

The Louisiana Department of Insurance Office of Consumer Services recovered more than $22 million for consumers from insurance companies through complaint resolution in 2020, the department reported. All payouts are in excess of what insurers originally offered consumers for their …