Catastrophe & Restoration

Hurricane Francine is the the sixth hurricane to make landfall in Louisiana in the last five years.

Insurers can issue a notice of cancellation for non-payment during this time, but can only cancel the policy after the expiration of the emergency rule.

The storm came ashore in a sparsely populated area and is expected to weaken to a post-tropical cyclone.

MarketWatch: U.S. homeowners pay an average of 11.5% more for home insurance than they did two years ago.

High-exposure claims related to hurricanes continue to stretch the industry's resources.

Policyholders react to more restrictive wording and higher premiums in response to depressed carrier profits.