insurance

Donelon Rejects State Farm's Homeowner's Rate Increase

The Associated Press — Tue, 29 Jan 2013 18:56:33 +0000

State insurance regulators have rejected a request by State Farm Fire and Casualty Co. to raise homeowners' rates by 16.6 percent.

The rate revision would have affected more than 300,000 policyholders.

Citizens Rates Rising by Average of 7.7 Percent

The Associated Press — Tue, 15 Jan 2013 03:00:00 +0000

The state's property insurer of last resort has proposed raising homeowner's rates an average of 7.7 percent statewide this year.

Jim Donelon to Serve as Trade Group Leader

The Associated Press — Sat, 29 Dec 2012 21:20:33 +0000

Jan. 1 will mark Louisiana Insurance Commissioner Jim Donelon's first day as president of the National Association of Insurance Commissioners.

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."

La. Insurance Dept. Offers Online Rate Comparisons

The Associated Press — Sat, 22 Dec 2012 14:00:00 +0000

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.

Citizens pays $61 million to settle storm claims

The Associated Press — Fri, 14 Sep 2012 18:41:42 +0000

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.

ULM gets contract for insurance research

The Associated Press — Sun, 09 Sep 2012 20:18:00 +0000

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.

Citizens sets annual Katrina-Rita bond assessment

The Associated Press — Fri, 13 Jul 2012 18:04:15 +0000

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.

Citizens Board Agrees to 10 Percent Rate Cut

The Associated Press — Fri, 29 Jun 2012 14:58:10 +0000

BATON ROUGE — The board governing Louisiana's property insurer of last resort has agreed to drop rates by 10 percent across a dozen south Louisiana parishes, with the rate cut retroactive to June 7, when the reduction was signed into law.

The $16 million annual rate cut is for customers of the Louisiana Citizens Property Insurance Corp.

No Relief in Sight For High Insurance Rates

Eileen Fleming — Thu, 31 May 2012 11:00:00 +0000

It seems unlikely that the high cost of insurance is going to drop along the Gulf Coast. Experts say politics is the reason.