Louisiana regulators approved a property insurance rate change on Aug. 15, a statewide average rate increase of over 21 percent that will affect roughly 8,500 policyholders.
The Louisiana Insurance Rating Commission approved the rate increase request from the Teachers Insurance Company, a subsidiary of Illinois-based Horace Mann Insurance Company.
The rate change will affect policyholders depending on geography, with those closer to the coast facing hikes of more than 21 percent and those farther north possibly getting rate reductions.
The commission also approved a 12.5 percent average statewide increase for 654 homeowners who have policies directly from Horace Mann.
Topics Louisiana Pricing Trends Property
Was this article valuable?
Here are more articles you may enjoy.
With American Mobile Cancellations, Florida Mobile Home Market Has ‘Fallen Apart’ 
Insurers Settle With Hotel in Case of Woman Videotaped in the Shower 
Soccer Officials Arrested After Melee That Damaged Hard Rock Stadium in Miami 
Viewpoint: Deepfake Fraud Is On the Rise. Here’s How Insurers Can Respond 
