The Independent Insurance Agents and Brokers of Louisiana (IIABL) has announced that the “Trusted Choice Disaster Relief Fund” is available for member agencies and staff of member agencies, following the flooding catastrophe in South Louisiana that has gripped the state for the last two weeks.
IIABL CEO Jeff Albright told Louisiana Comp Blog that funds may also be made available to associate member agencies and staff as the recovery effort continues. Operated by the national “Big I”(Independent Insurance Agents and Brokers of America), the fund is available anywhere a disaster occurs on an ongoing basis, and was deployed recently in West Virginia during its flooding event.
Albright noted that the fund is “purely based on contributions from member agencies, state associations” and other organizations in order to exist, and that he has received numerous calls from other Big I chapters about relief efforts. He estimates that the Trusted Choice Disaster Relief Fund has received contributions from over 30 states to help Louisiana flooding victims since the storm hit. According to Albright, “we won’t have enough to rebuild everyone’s houses” but that “average grants are about three to five thousand dollars” and there is “no hard deadline” to apply for relief.
In addition to financial relief, agencies who have been dislocated by flooding can operate out of the IIABL office or out of the offices of other generous agencies who have volunteered space. Albright also stated that IIABL can connect displaced agents with other agents who can take claims for them while they try to get back on their feet.
Further, members insured through the IIABL Agents E&O program may be able to receive up to $10,000 Catastrophe Extra Expense, depending upon where your coverage is placed, the IIABA Virtual University can assist with flood related coverage & technical questions, and the IIABA InsurBanc has short term financing available to help with agency recovery.
“Our people are incredibly resilient,” Albright said, “they reach out to others to get folks what they need and we’re just trying to do our part.”
Click on the links at the bottom of this page to download the Trusted Choice Disaster Relief Fund guidelines and application. Questions about the application may be directed to Madelyn Flannagan (email@example.com) Questions about securing help with office space and claims may be directed to Jeff Albright (firstname.lastname@example.org).
Donate to the Trusted Choice Disaster Relief Fund here.
Image Credit: Associated Press and IIABL