Academy Offers Actuarial Expertise on Insurance and Pension Issues to 117th Congress, Federal Agencies, Insurance Commissioners
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WASHINGTON, Jan. 29, 2021 /PRNewswire/ The American Academy of Actuaries reached out today to all U.S. House and Senate members of the 117
th Congress, key Cabinet and agency stakeholders in the Biden administration, and all of the nation s state insurance commissioners, commending them for their public service and offering the assistance of the Academy in their work on actuarial public policy issues. As the national association of U.S. actuaries, it is the Academy s mission to serve the public and the profession, said Academy President Tom Campbell. The Academy offers its nonpartisan, objective actuarial expertise to public policymakers to aid in the development of sound public policy affecting federal and state public programs and regulation of insurance and retirement security systems.
BATON ROUGE, La. (AP) Insurance companies have paid out $5 billion to thousands of Louisiana customers with damage from the 2020 hurricanes so far, according to data released by Insurance Commissioner Jim Donelon’s office that offers the first detailed look at claims.
BATON ROUGE (AP) — Insurance companies have paid out $5 billion to thousands of Louisiana customers with damage from the 2020 hurricanes so far, according to data released by Insurance
Cost of Laura, Delta, Zeta Insurance Claims Up to $7.7B in Louisiana January 28, 2021
Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of 2020 from Hurricanes Laura, Delta and Zeta, the state insurance department reported.
This data represents the first measure of damage from all three hurricanes that struck the state in the record 2020 storm season, according to the Louisiana Department of Insurance.
Policyholders filed 290,847 claims of all types from the three storms as of Dec. 31. Of those, 161,704 claims, or 56%, were closed with collective payments reaching $5 billion.
The information was generated from a data call to all authorized property/casualty insurers, including surplus lines insurers, to submit their claims data on hurricanes Laura, Delta and Zeta. The figures include claims from personal and commercial insurance.
2020 Louisiana hurricanes have cost insurers $5B in claims so far businessreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessreport.com Daily Mail and Mail on Sunday newspapers.