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For Immediate Release

Insurance Providers Working to Help Louisiana Residents Come Home

BATON ROUGE, La., Jan. 23, 2007 – Five additional insurance companies have become partners of The Road Home program, program officials announced today.  These companies will play a key role in verifying data, a crucial step in the process to close and distribute awards to Road Home applicants. These are the latest in a number of insurance companies that are working with the program to speed up the process of verifying homeowner’s insurance information to quickly move them toward closing to receive their Road Home grants.

These companies have signed agreements with the program that speed up the verification process by eliminating preliminary review of homeowner liability releases and by implementation of Road Home software that allows for immediate verification of large groups of homeowner data. Prior to this agreement, signed releases were required from each homeowner before any insurance information could be exchanged with the program. This partnership does away with the up-front review of the releases and results in faster calculations of homeowner benefits and ultimately a quicker distribution of awards. These companies set a precedent The Road Home hopes other companies will quickly follow.

The following companies have a long-standing reputation of customer service and their cooperation with The Road Home reinforces their commitment to helping Louisiana residents recover from the devastation caused by Hurricane Katrina and Rita.

• The Hanover Insurance Group, which has been doing business in LA for more than 100 years, holds policies for approximately 1,200 Road Home applicants
• Lafayette Insurance Company, has served LA for 137 years and holds policies for approximately 15,000 Louisiana homeowners, 3% of which are Road Home applicants
• Louisiana Citizens Property Insurance Corporation has served Louisiana for three years holds policy for 135,000 homeowners of which include approximately 18,000 Road Home applicants
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• Shelter Insurance Company has served Louisiana for 36 years and holds policies for approximately 400 Road Home applicants
• State Farm Fire and Casualty Company has served Louisiana for 72 years and holds policies for approximately 21,000 Road Home applicants

The Road Home is dedicated to providing assistance to all homeowners affected by Hurricane Katrina or Rita and aims to help them get back into their homes as quickly and fairly as possible. With the cooperation of insurance providers, FEMA and housing lenders, the award process is accelerated, thus enabling Louisianans to return home.

Homeowners are encouraged to apply to the program as soon as possible. Applying to The Road Home is now easier than ever. Applications can be completed online, by mail or over the phone.

The Road Home program is designed to help residents of Louisiana affected by Hurricane Katrina or Rita get back into their homes as quickly and fairly as possible. This groundbreaking program represents the largest single housing recovery program in U.S. history. Working together, Governor Kathleen Babineaux Blanco, the Louisiana Recovery Authority and the Office of Community Development created The Road Home program with the approval of the Louisiana Legislature. The program affords eligiblehomeowners up to $150,000 in compensation for their losses to get back into their homes.

To start your application to The Road Home program, visit www.road2LA.org or call 1.888.ROAD.2.LA (1.888.762.3252). TTY callers use 711 relay or 1.800.846.5277.

 

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