Tag: insurance non-renewals

Louisiana Insurance Commissioner Issues Emergency Rule, Halts Insurance Cancellations During COVID-19 Emergency Declaration

Microscopic illustration of the spreading 2019 corona virus that was discovered in Wuhan, China. The image is an artisic but scientific interpretation, with all relevant surface details of this particular virus in place, including Spike Glycoproteins, Hemagglutinin-esterase, E- and M-Proteins and Envelope.

The rule stops cancellations, non-renewal, and non-reinstatement by insurers, but customers must still pay their insurance bills. Louisiana Insurance Commissioner Jim Donelon issued Emergency Rule 40 Friday to address the statewide public health emergency, a release from the commissioner’s office said. In summary, Emergency Rule 40 does the following: Defines the insurance carriers and the… Continue reading Louisiana Insurance Commissioner Issues Emergency Rule, Halts Insurance Cancellations During COVID-19 Emergency Declaration

California ‘Insurer of Last Resort’ Sues the State as Crisis Deepens in Wildfire Zones

Meadow back burn and Oregon ash tree. River Complex fire in Trinity County, California.

With thousands of rural Californians losing their homeowners’ insurance because of wildfire risks, the state’s “insurer of last resort” sued its regulator Friday, seeking to block his order requiring the insurer to broaden its coverage. The lawsuit, by the industry-backed California FAIR Plan against Insurance Commissioner Ricardo Lara, is the latest twist in a deepening… Continue reading California ‘Insurer of Last Resort’ Sues the State as Crisis Deepens in Wildfire Zones

California Bans Insurers from Dropping Policies in Fire-Ravaged Areas

Ca property insurance reforms

Responding to several years of unprecedented fires across California, regulators on Thursday imposed a one-year moratorium banning insurers from dropping policies for homeowners in wildfire-ravaged areas of the state. The move comes amid an exodus of some insurers in communities hard hit by fires, forcing some homeowners to take plans that provide less coverage, sometimes… Continue reading California Bans Insurers from Dropping Policies in Fire-Ravaged Areas