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Nov 16
Tech Breakthrough: Street-level Forecasting

A new National Weather Service tool offers real-time flood forecasting at the street level if communities are likely to see rainfall that will cause flooding of 1 inch or more, reports Scientific American (11/13/23, Kim).

Nov 16
Florida Aims at Auto-glass Shops

​The Florida Supreme Court may soon weigh in on whether insurers can sue auto-glass shops over assignment-of-benefits and the practice of gift giving to insureds, reports the Insurance Journal (11/9/23, Rabb). In California, another insurer will exit the state despite a recent push for market reform, reports IBA magazine (11/14/23, Pangilinan).​

Nov 16
Grim Record: 25 Billion-dollar Disasters

The nation in 2023 has seen a record 25 natural disasters that caused at least $1 billion in destruction, federal data show, reports the Insurance Journal (11/15/23, National News). States as varied as market-focused Florida and consumer-centered California face growing insurance crises, reports APM Research Lab (11/9/23, Kalale). U.S. households are spending more income on insurance as repair costs, storm frequency and other factors make coverage increasingly unaffordable, reports IBA magazine (11/15/23, Pangilinan)​.

Nov 16
Landry Eyes Coast, Blue Cross Deal

Gov.-elect Jeff Landry will look to industry for input on coastal-protection strategy in a shift from his predecessor, reports The Advocate (11/13/23, Finn). Landry also recently formed a confidential working group to advise him on the proposed $2.5 billion sale of Blue Cross and Blue Shield of Louisiana, reports Louisiana Illuminator (11/11/23, O’Donoghue).

Nov 16
Plaquemines Sues over Project Flood Danger

​Coastal Plaquemines Parish is suing the state to halt the $3 billion Mid-Barataria Sediment Diversion, citing concerns over flood risk, reports The Advocate (11/10/23, Baurick). In Livingston Parish, worries over flooding and other effects of growth have made new development a core issue in local politics, reports The Advocate (11/9/23, DeRobertis). ​

Nov 16
Signs of Progess at Citizens

​The state's insurer of last resort is making headway in the form of fewer policyholders and smaller rate increases, reports the New Orleans Times-Picayune (11/13/23, Karlin). Louisiana Citizens Property Insurance Corp. premiums are forecast to rise by 4 percent in 2024 after surging by 64 percent last year, the story notes. ​

Nov 16
Temple Bullish on Market Future

​Incoming Insurance Commissioner Tim Temple stresses competition and the fact that insurers can choose where they do business in a Q&A in the New Orleans Times-Picayune (11/16/23, Grace). The regulatory and legal framework will be key to companies doing business in Louisiana, Temple notes.​

Nov 09
FAQ: Renewing your membership dues in the IIABL Community Hub

​Our new and improved renewal process is EASY AS PIE! You can now renew in just 5 easy steps once you login to your IIABL Community Hub​ account. 

​Need additional help? Check out the instructions below.

Agency Instru​​ctions:

Watch the instructional video

Download the instructions 

Associate​ Members/Partners:

Watch the instructional video​

Download the instructions 

Nov 09
Spiking premiums eroding property values

​Escalating risk from climate-driven disasters is eating into property values in some places as more prospective homebuyers back out of deals over the rising cost and uncertain availability of insurance, reports Fox Business (11/7/23, Colomer).​

Nov 09
Wildfire rebuilding stalled by insurance costs

​Five years after the deadliest wildfire in California history, some Paradise residents say rebuilding has been stalled by ballooning insurance costs, reports the Associated Press (11/7/23, Hair). Some proposed market reforms are prompting concerns over consumer protection among California Democrats, reports IBA magazine (11/9/23, Pangilinan).​

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No, this isn't actually my picture. I just haven't gotten around to updating this section. It's good to know that someone is reading every last word though. Thanks!