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Louisiana Citizens, the state's insurer of last resort, made the decision during a board meeting under the leadership of Commissioner of Insurance Tim Temple, who also serves as chair of the ...
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.
Despite sky-high rates, Citizens may be the only option for home insurance for many Louisiana residents. The company is designed to handle the influx of policies during riskier times and works to ...
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.
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 ...
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 ...
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]
But the hardening underwriting market has left a gap, leaving some buildings uninsurable, said Jay Adams, chief insurance officer of Citizens Property Insurance Corp., in speaking to the Actuarial ...
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