Commissioner Donelon on litigation threat: Louisiana is not the new Florida
Louisiana Insurance Commissioner Jim Donelon said the state will be highly focussed on holding back litigation against insurers in the coming years, during a visit this week to the London reinsurance market.
This comes as the state’s insurance market has been hard hit by two successive years of major hurricane losses, Laura in 2020 and Ida in 2021, and now faces the prospect of sharing in the fallout from Hurricane Ian...
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