Louisiana Citizens Enacts Binding Restrictions in Advance of TS Bonnie
The Louisiana Citizens Property Insurance Corp. has announced that as a result of Tropical Storm Bonnie, personal lines binding restrictions are in effect for following parishes: Acadia, Assumption, Calcasieu, Cameron, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist, St. Martin, St. Mary, St. Tammany, Terrebonne and Vermillion.
Binding restrictions for commercial lines have been applied to the entire state of Louisiana.
Louisiana Citizens also reported that the assessment to policies that resulted from the issuance of bonds to pay claims after Hurricanes Katrina and Rita in 2005 will be 4.0 percent beginning Jan. 1, 2011. The assessment for 2010 was 4.3 percent.
Source: Louisiana Citizens Property Insurance Corp.
- Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion
- EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix
- World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
- Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies