Protections for Louisiana
policyholders impacted by
Aug. 2016 flooding extended
By Rosalie L. Donlon, PropertyCasualty360.com
Louisiana Insurance Commission- er Jim Donelon recently issued an Emergency Rule thatextends 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.”
Limits on policy cancellations,
Under Emergency Rule 33, which con-
tinues the provisions of previously issued
Emergency Rules 28, 30 and 32, the com-
missioner has suspended the ability of in-
surers to cancel or terminate policies due
to the inability of policyholders in fed-
erally declared disaster areas to comply
with certain policy provisions during the
state of emergency. For example, some
policies might require habitation or occu-
pancy of dwellings or similar provisions
that are not reasonably feasible to comply
with following the catastrophic flooding.
The Emergency Rule covers the peri-
od Aug. 12, 2016, through Aug. 14, 2017,
and provides as follows:
• The emergency rule applies to all in-
surers regarding all types of homeowners
and/or residential property insurance,
commercial insurance, fire and extended
coverage insurance, credit property and
casualty insurance, property and casualty
insurance and surplus lines insurance.
• The Emergency Rule applies to insureds living in Acadia, Ascension, Assumption, Avoyelles, Cameron, East
Baton Rouge, East Feliciana, Evangeline,
Iberia, Iberville, Jefferson Davis, Lafayette, Livingston, Pointe Coupee, St.
Charles, St. Helena, St. James, St. John the
Baptist, St. Landry, St. Martin, St. Tammany, Tangipahoa, Vermilion, Washington, West Baton Rouge and West Feliciana. All of those parishes were included
in the federal disaster declaration following the August 2016 flood events.
The Emergency Rule 33 is available at
the Louisiana Department of Insurance
(LDI) website, www.ldi.la.gov.
Lemonade, Slice launch
InsurTech products in California
By Elana Ashanti Jefferson, PropertyCasualty360.com
Lemonade Insurance Company has announced that its tech-driven homeowners’ and renters’ insurance is now available in California — just
two days after the Golden State’s Department of Insurance publicly welcomed
Slice and its on-demand, short-term insurance coverage to its carrier pool.
With Insur Tech companies disrupting
various corners of the insurance indus-
try, Lemonade, along with its digital and
mobile storefront fueled by artificial in-
telligence and behavioral economics, has
been on the lips of executives from Wall
Street to Main Street.
California is the third state, behind New
York and Illinois, in Lemonade’s nationwide expansion, which the company expects to complete “in a matter of months.”
Insur Tech companies in general like to
plant stakes in California because the state
presents a high regulatory hurdle and has
a built-in consumer audience for high-tech products and services. Lemonade