Adjusters have done little to assess insurance losses in New Orleans due to political infighting and safety concerns while in outlying parishes it will be months before they finish their estimates, Louisiana's insurance commissioner said.
Insurance Commissioner J. Robert Wooley said claims adjusters are systematically working through a grid established by the Louisiana Department of Insurance. The first grid, in St. Bernard Parish, was completed recently, and the second grid, covering St. Bernard and Plaquemines Parishes, should be completed shortly.
There are a total of 25 grids of 1,000 homes, Mr. Wooley explained, in which adjusters work north to south. The grids start on the west and work east. Some small carriers, he said, have reported completion of their work in the first two grids and are moving beyond into the next grid.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
