News - Local
Property Insurance Assessments Sitting Unclaimed
Posted: Aug 28, 2010 2:42 PM by Chris Welty
Updated: Aug 28, 2010 2:43 PM
BATON ROUGE, La. (AP) - More than $275 million in special
assessments for Louisiana property insurance policyholders have not
been reclaimed.
And if they don't act before the year is over, more than half
that total will disappear.
The assessments were imposed on private polices over the past
four years to help keep Louisi 0849
AP-APTN-14ty Insurance Corp.
solvent. Citizens is the state's property insurer of last resort.
Insurance Commissioner Jim Donelon tells The Times-Picayune that
his office has sent out more than 4,500 packets and held a media
campaign telling policyholders how to get back some of their money.
But he says the unclaimed total has remained around 58 percent for
months.
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