Some banks step up to help victims of Hurricane Irene USA Today
30.08.11
Banks and credit unions are temporarily waiving overdraft fees, letting customers skip payments and offering low-cost loans to relieve some of the financial burden on hurricane victims.
"When we went through Hurricane Katrina , we learned a lot," says Ryan McInerney, CEO for JPMorgan Chase 's consumer banking. "What we created was a playbook that we can use in natural disasters like this."
STORY: After Irene, what will insurance cover? MORE: Tips for filing a homeowner's claim post-Irene MORE: Latest coverage of Hurricane Irene
Banks are not a primary source of aid when disaster strikes, but they can help people get through the tough times.
When homeowners in the Houston area had to wait 45 days for insurance checks after Hurricane Katrina, Chartway Federal Credit Union advanced personal loans so customers could stay in hotels and pay monthly bills until they received the insurance money.
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Question by aaron t : What companies can I get appointed with in Louisiana to write Home Insurance for my Insurance agency?
I have an Indepenent insurance agency in Houston, TX and I am opening a branch office in Louisiana to offer home and auto insurance for LA residents. However, I am having a hard time finding companies that are appointing agents or writing home insurance other than Louisiana Citizens. Does anyone have any suggestions on some companies that I am able to get appointed with ???? Please help!
Best answer:
Answer by HGCity This may be outdated, but I heard that ASI Lloyds was one of the only companies that wrote homeowners in LA. Then again this was around the same time ASI was writing residential property in Harris county. As I’m sure you are aware, ASI has not been writing property in Houston since Hurricane IKE. ASI was the only company I knew of that wrote homeowners in Louisiana. Good luck. If you hear of any homeowner companies in Louisiana, let me know.
What do you think? Answer below!
Yep, NO ONE is writing homeowners insurance in LA, except the state – Citizens. That’s why you can’t get an appointment. If you got an appointment, well, you’d expect to be selling homeowners policies for that company!
No company wants to WRITE homeowners. So they aren’t appointing new agents.
Kinda like, you want to open a car dealership, selling $25 Cadillacs, brand new. Unfortunately, you can’t find a supplier, at that price. And in LA, you can’t find a supplier for homeowners policies. You’ll have to write in the state fund, just like everyone else in LA does. Sorry.
