Following an incredibly active hurricane season in the midst of a historic pandemic, many business owners have one thing on their minds: getting back to normal. However, even following the aftermath of Hurricane Laura in late August, business owners harmed by the storm have found they are still struggling to rebuild. Many who have filed insurance claims have yet to hear back regarding property damage, often leaving them with nowhere to turn to recoup their damages. Because of this, it’s important to understand why there have been so many stalls for businesses seeking to get back on their feet after a tumultuous hurricane season.
Business Owners Grapple With Reopening After Active Hurricane Season
Despite the 2020 hurricane season coming to an end, businesses that have yet to fully recover are still reeling in its aftermath. This is particularly true for residents of Lake Charles, Louisiana, who dealt with two massive storms back to back – Hurricane Laura and Hurricane Delta. For business owners in the Gulf of Mexico and other hurricane-prone regions of the country, this incredibly active hurricane season has brought many challenges to companies and local economies already dealing with financial downturns due to the COVID-19 pandemic.
This unfortunate situation has only been made worse for business owners that did not have business interruption policies in place prior to the pandemic or hurricane season. This alarming trend – when combined with pandemic related shutdowns – has brought about additional concerns for businesses now attempting to file hurricane damage claims. According to Forbes, 50% of business owners are worried about maintaining regular business operations following a hurricane, as most were not anticipating this season to be as damaging as it was.
Those in Lake Charles, Louisiana in particular have faced significant losses following Hurricane Laura, which caused between $8 and $12 billion in damages and Hurricane Delta, which resulted in additional costs between $700 million and $1.2 billion. In fact, a record-breaking five named storms all made landfall in Louisiana alone this year, resulting in widespread business disruptions.
Hurricane Laura Damage Claims
Lake Charles business owners are still struggling to get back on their feet following an influx of storms and hurricanes that battered the working-class city in the late summer and fall months. Hurricanes Laura and Delta hit the area especially hard when the storms made landfall in August and October, with thousands remaining displaced months later.
A brutal hurricane season combined with the dangers of COVID-19 has made for a truly agonizing process for Louisiana companies, some of which have endured weeks of frustrating haggling with bureaucracies to get insurance money and government aid. Others desperately search for help to fix wrecked properties but encounter long waits for in-demand contactors, some of which are dealing with damage to their own homes and businesses. This unfortunate reality has left many commercial insurance damage claims untouched or slow to move as the New Year approaches.
Following a disaster such as a hurricane, many insurance companies will do all they can to avoid paying out claims promptly or even at all. These companies might use biased adjusters to investigate claims and make false statements about policy coverage to wrongfully deny claims entirely. Many commercial property owners who have suffered through the pandemic and multiple hurricanes need help recovering the full amount rightfully owed to them under their policies. Because of this, it’s incredibly important they consult with an experienced hurricane insurance claims attorney to ensure they get the compensation they need to fully recover.
Hurricane Insurance Claims Attorneys
Louisiana business owners are feeling the pressure to recover following damage from multiple hurricanes in recent months. When insurance companies are slow to respond or grossly underpay claims, it leaves these already struggling business owners worse off than before. At Raizner Law, our attorneys are leaders in bad faith insurance litigation and have successfully handled significant and complex commercial insurance litigation for years. We understand the tactics insurance companies use to delay, underpay, and flat out deny valid claims. If you or someone you know suffered damage to a business following Hurricane Laura, contact our office today to see how we can help.