The Louisiana Insurance Guaranty Association (LIGA) has granted a voluntary extension to March 31 of the deadline by which former FedNat Insurance Company and Maison Insurance Company policyholders are required to institute litigation for first-party property damage claims arising with a Date of Loss within two years of the date of the insolvency (Sept. 28, 2020 or later).
This extension was made to provide an opportunity for policyholders to amicably resolve claims that are outstanding due to the lack of sufficient records from the receiver, contractor non-availability, supply chain disruptions and similar delays.
This voluntary extension applies only to existing, reported FedNat and Maison first-party claims for alleged property damages occurring on or after Sept. 28, 2020. It does not apply to claims other than first-party property damage claims, to damages incurred prior to Sept. 28, 2020, or to insolvencies other than FedNat and Maison.
It does not affect the contractual deadline to institute litigation for first party-property damage claims resulting from Hurricane Ida, for which the deadline remains Aug. 29.