The company had planned to non-renew the over 200,000 policies it had in force across the country, including about 30,000 in Louisiana, as part of a solvent runoff this year.
Source: KATC
The company had planned to non-renew the over 200,000 policies it had in force across the country, including about 30,000 in Louisiana, as part of a solvent runoff this year.
Source: KATC
Tightening commercial and residential development could upend Lafayette’s economy and, in turn, crimp funding for local government.
The commissioner said the entry of new insurers into Louisiana will benefit not just Citizens customers, who by law must pay premiums 10% higher than the market average, but also homeowners throughout the state.
Source: Louisiana Illuminator
Several lawmakers who voted for the bill spoke on the floor to express their frustration with the fund, which many have described as a Band-Aid on a large wound.
Source: Louisiana Illuminator
The program would offer grants to certain insurance companies that underwrite new homeowner policies in the state.
Between 1958 and 2012, according to the 2014 National Climate Assessment, the amount of rain falling in the biggest storms grew by 37 percent in the Midwest, 27 percent in the South, and 71 percent in the Northeast. Do last century’s weather records still hold water? Some researchers have concluded they don’t.
Source: Slate
Gov. John Bel Edwards called legislators into a special session to address Louisiana’s worsening insurance crisis. Top officials say thousands could lose homes without a fix.
Over the past two years, hurricane-related damage in Louisiana has caused some insurance companies to go out of business. Homeowners are coping with higher insurance costs.
Source: NPR
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