Insurance Information Institute: Louisiana's Insurance Crisis Grew After 2020-21 Hurricanes
March 29, 2023
March 29, 2023
NEW YORK, March 29 (TNSres) -- The Insurance Information Institute issued the following news release on March 28, 2023:
Louisiana's insurers paid out more than $23 billion after the 2020 and 2021 hurricane seasons, driving a number of them into insolvency, according to an Issues Brief released today by the Insurance Information Institute (Triple-I).
"Twelve insurers that write homeowners coverage in Louisiana were declared insolvent between July 2021 and February 2 . . .
Louisiana's insurers paid out more than $23 billion after the 2020 and 2021 hurricane seasons, driving a number of them into insolvency, according to an Issues Brief released today by the Insurance Information Institute (Triple-I).
"Twelve insurers that write homeowners coverage in Louisiana were declared insolvent between July 2021 and February 2 . . .