Louisiana Insurers Required to Submit Hurricane Season Data by Aug. 30 Deadline
Louisiana Insurers Required to Submit Hurricane Season Data by Aug. 30 Deadline
Insurers in Louisiana have until Friday, Aug. 30 to compete a data call relating to property and casualty homeowners’ insurance policies and commercial lines property policies during the 2024 hurricane season.
Louisiana Insurance Commissioner Tim Temple issued Directive 224 to all authorized property and casualty insurers and surplus lines insurers to collect information for policies in place for the months of June 1, 2024, through July 30, 2024.
The directive asks insurers to complete the report through the Louisiana Department of Insurance’s Industry Access Portal, found here.
According to the directive, the report shall include, but not be limited to, information for personal lines property policies and for commercial lines property policies and totals for each item specified, including premiums written for each property lines of business.
The report shall include information for each parish, among them:
- Total number of policies in force.
- Total number of policies cancelled.
- Total number of policies nonrenewed.
- Number of policies cancelled due to hurricane risk.
- Number of policies nonrenewed due to hurricane risk.
- Number of new policies written.
Insurers should refer to the LDI website for more information.
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Related Links : https://www.insurancejournal.com/news/southcentral/2024/08/26/789996.htm
Source : Insurance Journal