Fines proposed against five insurers for 'unacceptable behavior' following Laura. Here's which ones. [View all]
Failing to pay out claims in a timely manner. Forcing homeowners into litigation to get what's owed. Delaying settlements through adjuster swapping.
That's some of what prompted Insurance Commissioner Jim Donelon on Thursday to recommend a combined $764,750 in fines against five insurance companies for their behavior following hurricanes Laura, Delta and Zeta in 2020.
Those insurance companies include: United Property & Casualty; GeoVera; FedNat; Maison; and Allied Trust.
Through what's called a "market conduct examination," the Louisiana Department of Insurance investigated the claims handling practices of the five insurers between August 27, 2020 and June 30, 3021.
Read more: https://www.theadvocate.com/baton_rouge/news/article_5ae60d0e-bc3a-11ec-9cff-f72b876f2dcd.html
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