Louisiana Insurance Companies extend deadline

From Louisiana DOI

Louisiana Commissioner of Insurance Jim Donelon says nearly all of Louisiana's homeowners insurance companies, including State Farm and Allstate, have complied with his order to extend the prescriptive period for policyholders to file a lawsuit as result of a hurricane-related insurance claim.

Among the state's largest homeowners insurers agreeing to an extension of the prescriptive period are:

State Farm: 31.9% Market Share
Allstate: 20.2%
Louisiana Citizens Property Insurance Corporation: 7.6%
Louisiana Farm Bureau Group: 6.9%
Zurich Group, which includes Farmers Insurance Exchange and Foremost: 4.1%
Liberty Mutual Group: 3.6%
St. Paul Travelers Group: 3.2%
USAA Group: 3.1%
ANPAC: 2.0%
Allmerica Group, which includes Hanover and Massachusetts Bay: 1.9%
AIG Group: 1.6%
Metropolitan Group: 1.5%
Allianz Group, which includes Firemans Fund: 1.4%
Chubb: 1.2%
Unitrin Group: 0.9%
Hartford Group: 0.9%
Horace Mann: 0.9%
Safeco: 0.6%
Assurant Solutions Group, which includes American Bankers of Florida and Voyager: 0.5%
National Security Group: 0.3%
Homesite Group: 0.2%

Insurers had until close of business Aug. 11 to meet the deadline imposed by Commissioner Donelon to file a stipulation with the Department of Insurance agreeing to extend the lawsuit period.