Farmers Insurance returns to Louisiana after 7-year absence
March 8, 2021
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BATON ROUGE, La. (AP) Farmers Insurance intends to return to Louisiana to offer automobile, homeowners, condo and renters insurance, Insurance Commissioner Jim Donelon announced Monday, saying he approved the rate filings.
The company the nation s ninth largest property insurer started selling homeowner policies in Louisiana in 1999, but left Louisiana s market in 2014, Donelon said.
Farmers is returning to Louisiana as it part of a broad expansion into the East and South in recent years, the insurance department said. Farmers plans to offer policies in all 64 Louisiana parishes.
“The addition of a major national company to the roster of insurers offering property and automobile insurance in our state is a huge win for consumer choice and cost,” Donelon said in a statement.