Commissioner of Insurance George Dale has suspended the 180-day repair deadline provision in personal and commercial property replacement insurance policies as to Hurricane Katrina claims. Dale also suspended the 180-day deadline for providing notice of intent to make a claim …
Louisiana state lawmakers have been fielding complaints – from constituents, family and friends – over how long it’s taking to get paid on claims filed due to Katrina and Rita and on Jan. 20 took turns grilling insurance company representatives …
A mediation program aimed at resolving Hurricane Katrina insurance claims kicks off in Mississippi Friday, but according to India Johnson, senior vice president of the American Arbitration Association, homeowners with wind vs. water disputes could be disappointed if they expect …
The hurricane season made 2005 a year-to-remember, with the southeast encountering the busiest hurricane season of the century, with 26 named storms and 13 hurricanes, meteorologists used up the list of 21 proper names and had to resort to the …
In a year that will go down as the costliest ever for the insurance industry, it seems paradoxical that Munich Re, the world’s largest reinsurer – at least until Swiss Re completes its takeover of GE Insurance Solutions – should …
Liberty Mutual Insurance Company has hired the mediator who oversaw the Sept. 11 Victim Compensation Fund to help settle insurance claims filed by homeowners after hurricanes Katrina and Rita. The Boston insurer’s customers with unresolved claims can have them reviewed …
Liberty Mutual customers in Alabama, Louisiana, Mississippi, and Texas have an option to promptly resolve their complex hurricane Katrina and Rita claims: independent mediation or arbitration. Liberty Mutual has teamed with Kenneth Feinberg of The Feinberg Group to create an …
Once a proud businessman, William Dwyer sits in a New Orleans-area parking lot these days begging his insurer for money. The 57-year-old retiree said he was quick to file claims after Hurricane Katrina severely damaged his home in suburban Slidell, …
The Louisiana Department of Labor reported it has paid out more than $3 million in Unemployment Insurance and Disaster Unemployment Assistance benefits to victims of Hurricane Rita, while Katrina claims have topped $181 million. Of those who have filed claims …
Several solutions to hasten the Hurricane Katrina claims process have been suggested by Mississippi Insurance Commissioner George Dale, such as a mediation program to settle contested insurance or a town hall meeting to bring insurance executives and coastal residents face-to-face, …