Fines proposed against five insurers for 'unacceptable behavior' following Laura. Here's which ones.

[TexasTowelie]

Failing to pay out claims in a timely manner. Forcing homeowners into litigation to get what's owed. Delaying settlements through adjuster swapping.

That's some of what prompted Insurance Commissioner Jim Donelon on Thursday to recommend a combined $764,750 in fines against five insurance companies for their behavior following hurricanes Laura, Delta and Zeta in 2020.

Those insurance companies include: United Property & Casualty; GeoVera; FedNat; Maison; and Allied Trust.

Through what's called a "market conduct examination," the Louisiana Department of Insurance investigated the claims handling practices of the five insurers between August 27, 2020 and June 30, 3021.

Read more: https://www.theadvocate.com/baton_rouge/news/article_5ae60d0e-bc3a-11ec-9cff-f72b876f2dcd.html

[CivicGrief]

1. Fuckers!

I hate disaster capitalists.

[Midnight Writer]

2. Good new: They are doing something. Bad news: $764,750 is chicken feed to these companies.

The only thing that will stop bad corporate behavior is if the top dogs, including the CEOs, are subject to arrest and prison and personal forfeitures for their crimes, instead of mere fines that the corporation will pay.

[Phoenix61]

3. I've got FedNat and they were great after Michael. Guess I got lucky. nt