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(The Center Square) − Louisiana property insurance policyholders will see some financial relief this year as the Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) announced ...
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 Insurance Co. may remove up to 40,000 policies. Elements Property Insurance Co. and Heritage Property Casualty Insurance Co. each have been approved for up to 20,000 policies.
Insurance Commissioner Jim Donelon said the recovery program moved tens of thousands of people off the rolls of Louisiana Citizens and into policies held by private insurers, who on average raised ...
With private insurers dropping customers and raising rates, the state-backed Citizens Property Insurance Corp. saw its number of policies increase about 50% in 2022.
11 property insurance companies in Louisiana became insolvent between July 2021 and September 2022, reflecting the deepening crisis in the state’s insurance market . Louisiana Citizens, the ...
Tens of thousands of customers of state-owned Citizens Property Insurance Corp. are getting a stunning surprise in their mailboxes. It’s a letter from Citizens’ “Depopulation Unit” stating ...
The secretary of state's office is responsible for the management of the Old Louisiana Governor's Mansion, the Old Louisiana State Capitol, the State Archives, and seven museums. [5] The secretary is an ex officio member of the State Bond Commission [6] and the board of directors of the Louisiana Citizens Property Insurance Corporation. [7]
A report from Weiss Ratings, a Palm Beach Gardens ratings agency, found that the state-backed insurer of last resort closed homeowner claims without a payment 50.4% of the time in 2023.
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