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ChinaZurichZüszSwitzerlandJapanPing-anJilinUnited-statesMunichBayernGermanyAmericaFarmers Insurance Returning to Louisiana March 10, 2021
Louisiana insurance regulators have approved rate and form filings for Farmers Insurance in advance of California-based insurer’s re-entry into the Louisiana market.
The Louisiana Department of Insurance reported that Farmers is returning to the Louisiana market in March with auto, homeowners, condo and renters insurance.
Farmers began selling homeowners policies in Louisiana in 1999. Its market share in Louisiana peaked in 2007 when it became the seventh largest homeowners insurer in the state with 4.1% of the state’s policies and $56.2 million in direct written premium. But the insurance group began shedding policies in the difficult market after Hurricane Katrina and exited in 2014, leaving only a subsidiary, Foremost Insurance Co., doing residential property business in Louisiana.
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