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.
Travelers: Vendor Issues Over Half of Wedding Insurance Claims in 2025 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
