A weatherman turned risk
professional said closely measuring the impacts of climate change will be key
to effectively insuring against this top industry risk, reports IBA magazine (6/11/21, Olano).
This year's disaster claims are running 17 percent above the long-term average, and insurers should prepare for another difficult year in 2021, reports Reinsurance News (6/14/21, Gallin).
A reform bill signed into
law by Florida Gov. Ron DeSantis allows policyholders to exclude high-risk
family members from auto-insurance policies, reports Florida Politics (6/14/21, Downey). Reform proponents say the
measures are having a positive impact on litigation and other concerns even
before the law goes into effect on July 1, reports the Insurance Journal (6/11/21, Simpson).
Lawmakers unanimously agreed
to a framework for rules to guide the use of self-driving robots to make
short-distance package deliveries for Louisiana pharmacies and others, reports
the Associated Press (6/16/21).
Iberville Parish paused building on the east side of the Mississippi River for one year over flooding concerns, and Ascension may do something similar, reports The Advocate (6/15/21, Rddad).
A new analysis concludes
earthquakes are growing in frequency in oil-producing states, including
Louisiana and Texas, reports the Insurance Journal (6/15/21, National News). The study looks at
changes since 2017.
Debris hauled from Baton
Rouge homes that flooded in May would measure 10 feet deep if it was laid out
in Tiger Stadium’s field, reports The Advocate (6/16/21, Cobler). An opinion piece in The Advocate (6/16/21) argues recovery efforts in Lake Charles
from 2020 hurricanes, including property buyouts, are too little so far. South
Louisiana residents are bracing for another deluge this weekend, reports The Advocate (6/16/21, Cobler). A possible tropical storm could
dump 10 inches of rain in some areas, reports the New Orleans Times-Picayune (6/16/21, Wells).
Legislators passed a plan to use New Orleans-area sales tax and future surplus funds to pay Louisiana's share of post-Hurricane Katrina levee building, reports the New Orleans Times-Picayune (6/12/21, Schleifstein). A judge says Sorrento taxpayers pay for drainage maintenance but don't get it, reports The Advocate (6/15/21, Mitchell). Erosion and hurricanes threaten Avery Island, reports the Associated Press (6/16/21, McConnaughey).
In 2020, the Louisiana Legislature passed the "Insurance Data
Security Law" which puts new requirements on anyone with a license from
the Louisiana Department of Insurance. The law has 2 primary components: the
mandate for a written information security plan and mandatory investigation and
reporting of any cyber breach event to the commissioner's office. Agents MUST
be in compliance with the statute NO LATER THAN AUGUST 1, 2021, so act
Download the full IIABL Urgent Alert to find out what you need to do, if you are exempt, and how to comply with the new investigation and reporting requirements.
A federal judge in Seattle dismissed hundreds of business lawsuits seeking insurer reimbursement for revenues lost during pandemic closures, reports Claims Journal (6/3/21, Sams).
|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!