The Gulf Coast insurance crisis has hit a new low as two state-chartered insurance associations are being forced to borrow hundreds of millions of dollars for the first time in three decades to pay the hurricane claims of insolvent insurers.

St. Charles Parish in Louisiana has sued the Federal Emergency Management Agency (FEMA) over the new Flood Risk Rating 2.0 that went into effect in October 2021.

Department of Homeland Security Secretary Alejandro Mayorkas recently announced at a congressional hearing that the new federal system for setting flood insurance premiums, Risk Rating 2.0, requires more adjustments than anticipated.

In Louisiana, 20 percent of fatal car crashes involve a distracted driver, according to a Forbes Advisor team. These fatal accidents usually occur when a driver is distracted by someone riding in the passenger seat, using a phone, or visual or manual distractions.

Hurricane forecasting and warning systems have greatly improved in recent years, providing residents with valuable time to plan, but preparedness remains paramount in south Louisiana as another tropical storm season approaches, federal and state officials said at the start of a national conference in New Orleans on Monday.

Louisiana Insurance Commissioner Jim Donelon on Tuesday (April 4) unveiled a package of proposed new laws he wants the legislature to approve during the upcoming legislative session.

State Sen. Kirk Talbot on Monday outlined several solutions the Legislature will consider this session to mend Louisiana’s battered property insurance market, including changes to some restrictions that he said have soured insurers on the state.

A federal appeals court on Friday reversed a lower court ruling in Lloyd’s favor in a property damage case stemming from Hurricane Harvey, ruling that the lower court judge had improperly excluded evidence in the case without the required analysis.

Members of the board that oversees the Louisiana Citizens Property Insurance Corp. were primed for a discussion that nobody wanted to have.

Louisiana State Insurance Commissioner Jim Donelon announced Tuesday that he will not seek re-election. The move comes as the state faces an insurance crisis with some major insurance companies withdrawing from writing policies in Louisiana, in large part due to several strong hurricanes causing billions in damage.

Louisiana Republican gubernatorial candidate Sen. Sharon Hewitt is promising to shut down all coastal litigation involving alleged damage from energy companies.

The Louisiana Department of Insurance (LDI) has found evidence that McClenny, Moseley & Associates (MMA), a Houston-based law firm, engaged in an illegal insurance scheme involving Alabama-based Apex Roofing and Restoration.

Fouad Zeton, a restaurateur and former owner of a Lower Garden District mansion that has played host to a slew of New Orleans political fundraising events, is set to plead guilty to a federal wire fraud charge, court records show.

A bill aimed at propping up Louisiana’s flailing homeowners insurance market neared final approval Thursday after the Senate Finance Committee backed it.

Parametric flood insurer FloodFlash has announced that it has entered into the US insurance market.