A recent directive issued by Louisiana Insurance Commissioner Jim Donelon orders agents to notify their Louisiana Citizen policyholders when they receive an offer to be placed with a significantly less expensive insurer in the private market. Donelon issued Directive 222 …
Insurance companies have written more than 17,000 policies through the Insure Louisiana Incentive Program as of May 31, Commission Jim Donelon announced last week. SafePoint Insurance and its affiliate Cajun Underwriters (CURE) have been approved to take another 20,000 policies …
Louisiana Insurance Commissioner Jim Donelon announced on March 13 that Louisiana Citizens will provide an additional 30 days after United Property & Casualty Insurance Company (UPC) policies cancel on March 29 for policyholders and their insurance agents to secure coverage …
BATON ROUGE, La. (AP) – A $45 million funding bill to address soaring homeowner insurance rates in hurricane-battered Louisiana was overwhelmingly approved by Louisiana lawmakers Friday and sent to Gov. John Bel Edwards for his signature. The Senate approved the …
In the aftermath of Hurricane Katrina, Louisiana lawmakers created a $29 million incentive fund to lure property insurance companies to write business in the state. The Insure Louisiana Incentive Program provided grants to five insurers, who were required to match …
Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of reinsurance. Donelon approved Citizens’ request for a 63% rate increase, which will go …
Insurance Commissioner Jim Donelon announced Tuesday that Louisiana Citizens will provide an additional 60 days after cancellation for insurance agents to place Weston Property & Casualty Insurance Company policies with Citizens while maintaining coverage for policyholders. Weston, a Florida insurer …
Weston Property & Casualty Insurance Co. policies in Texas and Louisiana will be canceled on September 7 after the Florida-based insurer was ordered to end operations in early August after going insolvent. The Texas Department of Insurance (TDI) said Weston …
More than 40,000 homeowners are looking for new insurance policies after an insurance company dropped them, following similar moves by two other companies. Southern Fidelity canceled 42,000 policies Friday, leaving Louisiana homeowners with 60 days to find new coverage, state …
Louisiana’s property insurer of last resort is offering nearly $103 million to settle disputes over its handling of claims after hurricanes Katrina and Rita more than six years ago. The governing board of the Louisiana Citizens Property Insurance Corp. voted …
