Category: Louisiana

  Louisiana Insurance Commissioner Jim Donelon met with State Farm Fire and Casualty Company (“State Farm”) officials today, July 17, 2014, and asked them to offer their Louisiana policyholders the option to have a two percent hurricane deductible on their …

  In Advisory Letter 2014-02 issued yesterday, May 21, 2014, Louisiana Insurance Commissioner Jim Donelon notified all Louisiana domestic insurers, along with foreign and alien reinsurers, that the Louisiana Department of Insurance has adopted the National Association of Insurance Commissioners’ …

  Louisiana Insurance Commissioner Jim Donelon issued Bulletin No. 2013-08 on December 12, 2013, advising that all authorized property and casualty insurers writing residential property insurance in the state must include an analysis to determine the actuarial adequacy and appropriateness …

  Louisiana Insurance Commissioner Jim Donelon announced today, December 11, 2013, that all property insurance policyholders in the state have until December 31, 2013 to claim rebates for the 2009 Louisiana Citizens Property Insurance Corporation (“Citizens”) assessments. Rebates can be …

  Louisiana Insurance Commissioner Jim Donelon announced today, June 28, 2013, that he has named David Thomas as the new Chief Executive Officer of Louisiana Citizens Property Insurance Corporation (“Citizens”), the state’s market of last resort for property insurance. According …

  The Louisiana Insurance Department released an updated Bill Status Report (“Report”) yesterday, April 2, 2013, on insurance-related bills for the upcoming Louisiana Legislative Session, which will commence on April 8. The Report, which is attached in PDF format, includes …

  On October 4, 2012, Louisiana Insurance Commissioner James Donelon issued Advisory Letter No. 2012-03 to insurers, brokers and producers regarding producer compensation issues. Issues described in earlier Advisory Letter No. 2012-01 from Commissioner Donelon relating to producer compensation agreements …

  Issued by the Louisiana Department of Insurance to address concerns resulting from the recent landfall of Hurricane Isaac, Emergency Rule 26 was amended on September 7, 2012 to reflect the following: Section 4701, Section B The benefits, entitlements and …

  To address concerns resulting from the recent landfall of Hurricane Isaac, the Louisiana Department of Insurance has issued Emergency Rule 2012-26 relating to the suspension of certain statutes and regulations regarding cancellations, non-renewals, reinstatements, premium payments, claim filings and …

  Last week, the Louisiana House of Representatives Insurance Committee passed House Bill 849, which would allow international insurance companies to reduce the amount of collateral they have to set aside to cover possible losses. A copy of the bill …