In A Flash

Gov. John Bel Edwards to travel to London to meet with insurance leaders, attend Saints game

By: - September 27, 2022 3:47 pm
John Bel Edwards

Gov. John Bel Edwards (Greg LaRose/Louisiana Illuminator)

Louisiana Gov. John Bel Edwards will travel to London Wednesday to meet with business and insurance leaders.

On Thursday, Edwards plans to meet with representatives of Lloyd’s of London, the largest reinsurance marketplace, to discuss Louisiana’s insurance crisis. Since a flurry of major hurricanes dating back to 2020, Louisiana has lost nine home insurers. Lloyd’s is often the go-to underwriter for insurance companies that take those policies.

The governor plans to discuss legislative and regulatory changes that would make the state more attractive to insurers and reinsurers and how the risk modeling Lloyd’s uses in its insurance marketplace impacts the state.

“Few states are more directly impacted by the insurance underwriting and energy markets than Louisiana, which is why it’s so important to maintain an open dialogue with global leaders in those sectors,” Edwards said in a statement. “Thousands of Louisianans are not only still recovering from damage caused by devastating storms, but they are also dealing with unpaid claims, insurance companies folding, and problems finding new insurance coverage. We must find a way to solve this crisis.”

On Friday, Edwards will meet with companies that have invested in Louisiana’s energy transition efforts.

Edwards will also attend the New Orleans Saints game Sunday at Tottenham Hotspur Stadium in London against the Minnesota Vikings. The Saints are undefeated in their two previous games played in London.

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Piper Hutchinson
Piper Hutchinson

Piper Hutchinson is a reporter for the Louisiana Illuminator. She has covered the Legislature and state government extensively for the LSU Manship News Service and The Reveille, where she was named editor in chief for summer 2022.

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