louisiana Citizens Property Insurance Corp. News

Louisiana Citizens Policyholders Receiving Application Refunds

Policyholders of Louisiana’s property insurer of last resort have begun receiving refunds for application fees that were charged to them without their knowledge, the state insurance department announced. The refunds for Louisiana Citizens Property Insurance Corporation (Citizens) policyholders are being …

Louisiana Property Policyholders Urged to File for Citizens Insurance Rebate

Louisiana Insurance Commissioner Jim Donelon is once again reminding property insurance policyholders that tax season is one of the easiest times to claim the Louisiana Citizens Property Insurance Assessment rebate. At a joint press conference, Donelon and Louisiana Department of …

Louisiana Citizens Insurance Appealing Order to Return Application Fees

Louisiana Citizens Property Insurance Corp. is appealing an order to return $16 million to homeowner customers who, for years, were charged a $65 application fee without their knowledge. Louisiana Citizens is the property insurer of last resort in Louisiana. Insurance …

Louisiana Citizens to File Homeowners Insurance Rate Hike

East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed rate filing. Statewide, Citizens personal lines, …

Access Home Insurance to Take Nearly 10K Policies from Louisiana Citizens

Access Home Insurance Co. (Access Home) announced it has received authorization to assume nearly 10,000 policies and more than $19 million in premium from Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort. The policies which will …

Louisiana Citizens Insurance Settles Remaining 2005 Hurricane Claims

A state-run insurance company of last resort in Louisiana has settled the remaining claims in a class-action lawsuit tied to how it handled claims after Hurricanes Katrina and Rita in 2005. The New Orleans Advocate reports state District Judge Henry …

Louisiana Commissioner: Citizens Insurance Policy Count at New Low

Louisiana Insurance Commissioner Jim Donelon says the state-run insurer of last resort has its lowest number of customers since Hurricane Katrina struck Louisiana eight years ago. Donelon says the Louisiana Citizens Property Insurance Corp. has 105,000 policies, representing about 3 …

Louisiana Citizens Lowering Commercial Property Rates

The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas. Those policyholders would …

Louisiana Citizens Property Insurance to Boost its Line of Credit to $125M

Louisiana’s property insurer of last resort received approval from state officials to bump up its bank line of credit, giving the company more resources to cover claim costs if the state is hit with a significant storm. The State Bond …

Louisiana Citizens Seeking Increased Credit for Storm Season

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 …