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FEMA Hurricane Katrina Insurance Coverage Issues
Wednesday, 18 January 2006

Americans for Insurance Reform (AIR) recently issued a report discussing the insurance industry's denying claims based on flood-damage exclusions. Included in the report are issues and trends with Louisiana Citizens Fair Plan (LCFP) which has seen a large increase in policy holders.

Safeguard has experienced recent issues with the LCFP including the reassignment of a number of claims to an independent insurance claims adjusting company and the issuing of claim settlement checks to incorrect parties.
A recent report (click here) discusses inquiries by Louisiana lawmakers to the LCFP and other insurers regarding the claims process.

To view the AIR report please click on the following link:

Americans for Insurance Reform Report

In response, the American Insurance Association issued the following statement. ( Please click on following link.)

Paper on Insurance Claims Handling is Reckless, Contends AIA