The Louisiana Department of Insurance published a bulletin announcing that Directive 224 has been rescinded.
Directive 224 was issued on July 12, 2024, and asked insurers to complete the homeowners' insurance policies data calls and the commercial lines property policies data calls. The data calls requested data for the 2024 hurricane season.
The Department has received enough information in order to adequately monitor the homeowners' and commercial lines property markets. As such, Directive 224 is no longer necessary and has been rescinded.
The bulletin can be found here.
Ray Sugrim
Ray Sugrim is an Insurance Editor with FC&S Expert Coverage Interpretation, a division of National Underwriter Company and Arc Network. Ray is responsible for helping develop and edit content for subscribers. Ray is a St John’s University graduate with a degree in Risk Management & Insurance and is a CPCU candidate.