Louisiana is the latest state facing an insurance crisis as damage from hurricanes (2020 and 2021) have led insurers to raise rates or leave the state entirely.
Tag: Louisiana homeowners
Homeowners Insurance Is a Minefield for Louisiana Officials
Louisiana officials are facing complaints from homeowners over storm damage and rising premiums while carriers are exiting the market or filing bankruptcy.
Private Louisiana Insurer to Assume Policies from Insurance Companies in Receivership
According to Insurance Commissioner Jim Donelon, a Louisiana licensed insurer plans to acquire all policies from Access Home Insurance Co. and State National Fire Insurance Co., two insolvent homeowners insurance companies placed into receivership by the Louisiana Department of Insurance (LDI) in November. With the takeover, an estimated 30,000 Access Home and State National Fire… Continue reading Private Louisiana Insurer to Assume Policies from Insurance Companies in Receivership