Hurricane Laura made landfall in Southwest Louisiana nearly a year ago but local officials and state insurance regulators say the area still has a long way to go to recover. Laura, which made landfall on August 27, 2020, displaced 2005’s …
Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of 2020 from Hurricanes Laura, Delta and Zeta, the state insurance department reported. This data represents the first …
Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on its rated insurance companies’ balance sheets, which it adds …