As the peak of hurricane season approaches, the governing board for Louisiana’s property insurer of last resort agreed to boost its bank line of credit, to give the company enough money to cover costs in case of a storm. The …
Lawmakers in the House have rejected a proposal seeking legislative review of large rate hikes for customers of Louisiana’s property insurer of last resort. The House Insurance Committee scrapped the idea in a 9-4 vote against Senate Bill 19 by …
A proposal that would tap into federal funding available to offer insurance to the working poor narrowly received the backing of the House health committee, after two Republican lawmakers sided with Democrats to advance the bill. But one of those …
State officials stalled a decision on whether Louisiana’s property insurer of last resort should borrow $100 million to help close an anticipated budget gap. The Bond Commission, which includes lawmakers and statewide elected officials, didn’t take any action on the …
Louisiana’s $75 million “Katrina cottages” program took years longer than expected to build homes for hurricane-displaced residents and paid significantly more per house than similar nonprofit programs, according to a recently released audit. The federally-funded, but state-run housing initiative had …
Louisiana’s state-run property insurer of last resort is considering ways to close its multimillion-dollar budget gap, and either option would lead to increased costs to homeowners covered by traditional insurance companies. Steve Cottrell, chief financial officer for the Louisiana Citizens …
Louisiana’s regulators of food safety fail to ensure restaurants and other retail food establishments are complying with health standards and allow violators of safety requirements to continue operations, according to a new audit released Nov. 26. The Office of Public …
Louisiana’s state-run property insurer of last resort is $56 million in the red, after it covers claims for Hurricane Isaac and settles class-action lawsuits for improper handling of past storm claims. Steve Cottrell, chief financial officer for the Louisiana Citizens …
Louisiana’s state-run property insurer of last resort is $56 million in the red, after it covers claims for Hurricane Isaac and settles class-action lawsuits for improper handling of past storm claims. Steve Cottrell, chief financial officer for the Louisiana Citizens …
Hurricane Isaac damaged nearly 59,000 homes as the slow-moving storm crawled across southeast Louisiana, according to the latest damage estimates. The Governor’s Office of Homeland Security and Emergency Preparedness said the most severe damage hit houses and rental units in …
