insurance http://wwno.org en President Obama Signs Flood Insurance Relief Bill Into Law http://wwno.org/post/president-obama-signs-flood-insurance-relief-bill-law <p>President Barack Obama has signed a new law that will give hundreds of thousands of homeowners living in flood-prone areas relief from big jumps in insurance costs.</p><p>Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium hikes after an overhaul of the government's flood insurance program two years ago.</p> Fri, 21 Mar 2014 20:28:11 +0000 Associated Press 56731 at http://wwno.org FEMA Flood Insurance Law Faces Partial Repeal Over Premiums http://wwno.org/post/overhaul-fema-program-has-homeowners-calling-congress The House is expected to vote as early as next week to partially repeal a 2012 law that overhauled the National Flood Insurance Program, which is tens of billions of dollars in debt.<p>The law was meant to make people living in flood-prone areas foot more of the insurance bill. But lawmakers didn't realize how many homeowners would be affected — or how hard they'd be hit.<p>You can find some of those homeowners in Bayou Gauche, about 30 miles west of New Orleans.<p>Like other parts of South Louisiana, this small community is below sea level. Thu, 27 Feb 2014 08:26:00 +0000 Ailsa Chang 54855 at http://wwno.org Donelon Rejects State Farm's Homeowner's Rate Increase http://wwno.org/post/donelon-rejects-state-farms-homeowners-rate-increase <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">State insurance regulators have rejected a request by State Farm Fire and Casualty Co. to raise homeowners' rates by 16.6 percent.</p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">The rate revision would have affected more than 300,000 policyholders.</p> Tue, 29 Jan 2013 18:56:33 +0000 The Associated Press 28073 at http://wwno.org Citizens Rates Rising by Average of 7.7 Percent http://wwno.org/post/citizens-rates-rising-average-77-percent <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">The state's property insurer of last resort has proposed raising homeowner's rates an average of 7.7 percent statewide this year.</p> Tue, 15 Jan 2013 03:00:00 +0000 The Associated Press 26970 at http://wwno.org Jim Donelon to Serve as Trade Group Leader http://wwno.org/post/jim-donelon-serve-trade-group-leader <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">Jan. 1 will mark Louisiana Insurance Commissioner Jim Donelon's first day as president of the National Association of Insurance Commissioners.</p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">Donelon said in a statement Friday that the position will help him place Louisiana "at the forefront in the study and development of insurance regulation."</p> Sat, 29 Dec 2012 21:20:33 +0000 The Associated Press 25966 at http://wwno.org La. Insurance Dept. Offers Online Rate Comparisons http://wwno.org/post/la-insurance-dept-offers-online-rate-comparisons <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">Insurance Commissioner Jim Donelon says his department's new online system will make it easier for Louisiana residents to shop for the best insurance rates in their cities.</p> Sat, 22 Dec 2012 14:00:00 +0000 The Associated Press 25283 at http://wwno.org Citizens pays $61 million to settle storm claims http://wwno.org/post/citizens-pays-61-million-settle-storm-claims <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px; ">A state-run insurance company of last resort has agreed to settle two remaining class-action lawsuits tied to claims handled after hurricanes Katrina and Rita for $61 million.</p> Fri, 14 Sep 2012 18:41:42 +0000 The Associated Press 20027 at http://wwno.org ULM gets contract for insurance research http://wwno.org/post/ulm-gets-contract-insurance-research <p></p><p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px; ">The University of Louisiana-Monroe College of Business has been awarded a research contract from the Louisiana Department of Insurance to study and provide support for proposed legislative insurance reforms.</p> Sun, 09 Sep 2012 20:18:00 +0000 The Associated Press 19774 at http://wwno.org Citizens sets annual Katrina-Rita bond assessment http://wwno.org/post/citizens-sets-annual-katrina-rita-bond-assessment <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px; ">Homeowners will pay $54 on average next year on their insurance policies to cover bond payments being made by state-backed Louisiana Citizens Property Insurance Corp., which had to borrow nearly $1 billion to pay claims from hurricanes Katrina and Rita.</p> Fri, 13 Jul 2012 18:04:15 +0000 The Associated Press 15701 at http://wwno.org Citizens Board Agrees to 10 Percent Rate Cut http://wwno.org/post/citizens-board-agrees-10-percent-rate-cut <p>BATON ROUGE &mdash; The board governing <font color="red">Louisiana&#39;s</font> property insurer of last resort has agreed to drop rates by 10 percent across a dozen south <font color="red">Louisiana</font> parishes, with the rate cut retroactive to June 7, when the reduction was signed into law.</p><p>The $16 million annual rate cut is for customers of the <font color="red">Louisiana</font> Citizens Property Insurance Corp.</p> Fri, 29 Jun 2012 14:58:10 +0000 The Associated Press 14851 at http://wwno.org