Insurers in Louisiana have till Friday, Aug. 30 to compete an information name regarding property and casualty householders’ insurance coverage insurance policies and industrial traces property insurance policies in the course of the 2024 hurricane season.
Louisiana Insurance coverage Commissioner Tim Temple issued Directive 224 to all licensed property and casualty insurers and surplus traces insurers to gather data for insurance policies in place for the months of June 1, 2024, by way of July 30, 2024.
The directive asks insurers to finish the report by way of the Louisiana Division of Insurance coverage’s Trade Entry Portal, found here.
In line with the directive, the report shall embody, however not be restricted to, data for private traces property insurance policies and for industrial traces property insurance policies and totals for every merchandise specified, together with premiums written for every property traces of enterprise.
The report shall embody data for every parish, amongst them:
- Complete variety of insurance policies in power.
- Complete variety of insurance policies cancelled.
- Complete variety of insurance policies nonrenewed.
- Variety of insurance policies cancelled as a result of hurricane threat.
- Variety of insurance policies nonrenewed as a result of hurricane threat.
- Variety of new insurance policies written.
Insurers ought to consult with the LDI web site for extra data.
Subjects
Catastrophe
Natural Disasters
Carriers
Data Driven
Louisiana
Hurricane
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