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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 ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere.
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.
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
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 .
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]
The state-backed Citizens Property Insurance Corp. had more than 1.14 million policies as of Friday, an increase of about 14,000 customers since the end of November, according to newly posted data ...
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