The story Louisiana homeowners have often been told about the skyrocketing property insurance premiums they face goes something like this: Due to storm-related losses in recent years, several insurance companies that wrote policies in Louisiana left or went bankrupt. The remaining insurers raised rates to cover their spiraling reinsurance and other costs.
The story Louisiana homeowners have often been told about the skyrocketing property insurance premiums they face goes something like this: Due to storm-related losses in recent years, several insurance companies
The story Louisiana homeowners have often been told about the skyrocketing property insurance premiums they face goes something like this: Due to storm-related losses in recent years, several insurance companies
The Louisiana Legislature will convene a week from today for a seven-day special session on the state’s homeowner’s insurance crisis. Its overriding goal is to rein in policy premiums that have soared after back-to-back catastrophic hurricane seasons, but lawmakers say more needs to be done than what can happen within the narrow scope of the weeklong session.
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