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Claim Filing Extension Fought In Louisiana

"The ability to stabilize the state's insurance marketplace following Hurricanes Katrina and Rita is being threatened by legislation that would saddle insurers with excessive regulation, increase liti

By Staff Writer | Updated on May 23, 2006

The insurance industry is fighting measures in the Louisiana Legislature that would extend Hurricane Katrina claim-filing periods and repeal flex rating.

“The ability to stabilize the state’s insurance marketplace following Hurricanes Katrina and Rita is being threatened by legislation that would saddle insurers with excessive regulation, increase litigation and significantly impair their ability to conduct business,” complained Greg LaCost, assistant vice president and regional manager for PCI.

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