Louisiana Insurance Commissioner Jim Donelon recently issued an Emergency Rule that extends protections for the state's many policyholders who were impacted by the August 2016 flooding.
Gov. John Bel Edwards authorized the action in Executive Order 2017-11, which grants the commissioner temporary authority to suspend certain regulatory provisions of the Louisiana insurance code.
"Emergency Rule 33 provides some essential consumer protections for insured individuals and business owners in our state who have been repairing and rebuilding in the aftermath of the August flood," said Commissioner Donelon. "This rule comes on the heels of FEMA's decision to grant my request for an extension to the National Flood Insurance Program Proof of Loss deadline until September 1. The emergency rule and NFIP extension will provide policyholders with some much-needed flexibility in the recovery process."
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
