LA| The Louisiana Department of Insurance Bulletin 2025-04 provides advance notice on claims reporting requirements for property and casualty insurers during the 2025 hurricane season, outlining the mandatory data call process for claims associated with named storms. Insurers must be prepared to submit detailed claims data in Excel format, following specific directives and schedules to be issued after each event; claims must pertain only to Louisiana policies and confidential submission procedures are emphasized.
Key Points:
- All authorized property, casualty, surplus lines, and private flood insurers are subject to the reporting requirements, with distinct instructions for group reporting and surplus lines exclusions.
- Submissions must detail claims by line of business (residential, commercial, auto, business interruption, flood, etc.), with clear definitions for paid and incurred losses, and only catastrophe-related claims are to be included.
- Reports are confidential, not publicly disclosed, and insurers must promptly update zero-claim reports if new claims arise during subsequent reporting periods.