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The Louisiana Insurance Commissioner is a statewide constitutional office that regulates the insurance industry in Louisiana.The Insurance Commissioner serves as the head of the Louisiana Department of Insurance, which consists of ten divisions; Consumer Advocacy, Financial Solvency, Health Insurance, Legal Services, Licensing & Compliance, Minority Affairs, Management & Finance, Public ...
For assistance, you can reach out to the Louisiana Department of Insurance by calling the office at 1-800-259-5300 or online to get help with your claim, ask a question about your policy, report ...
Despite concerns about the OIR, "State regulators have approved six property insurers to remove up to 151,000 policies from state-run Citizens Property Insurance Corp. in February [2014]. Florida's Office of Insurance Regulation last month approved First Community Insurance Co. to take out as many as 51,249 Citizens policies, while Safepoint ...
Key takeaways. 11 property insurance companies in Louisiana became insolvent between July 2021 and September 2022, reflecting the deepening crisis in the state’s insurance market .
Be insurance ready: Homeowners insurance named storm (or hurricane) deductibles are typically 2% to 5% of your insured value. For example, if your home has an insured value of $200,000 with a 5% ...
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
The state agency that backs up policies held by insolvent companies, the Louisiana Insurance Guaranty Association, must now cover the failed companies’ unpaid claims and refund their customers ...
From 1982 to 2001, he served as a Republican member of the Louisiana House of Representatives. As a state lawmaker, he chaired the House Committee on Insurance and co-chaired the Republican Legislative Delegation. [3] He ran for Lieutenant Governor of Louisiana in 1979 and for United States Senate in 1998, but he lost both races. [3] [4]