BATON ROUGE, La. (AP) – Tim Temple, a Baton Rouge Republican who spent 20 years in the insurance industry, will be Louisiana’s next insurance commissioner after the only other candidate dropped out of the race Wednesday. The statewide position was …
An unnamed Louisiana private insurer will assume to acquire all policies from two insolvent homeowners insurance companies that were placed into receivership in November by the Louisiana Department of Insurance. Louisiana Insurance Commissioner Jim Donelon approved the transaction Wednesday, Dec. …
Louisiana’s property of last resort will raise commercial property insurance coverage limits for the first time in eight years. The Board of Directors of the Louisiana Citizens Property Insurance Corp. has voted to increase the amount of commercial property insurance …
Louisiana’s property insurer of last resort will raise personal property insurance rates by 2.3% this year, the state insurance department said. The increase is in line with current inflation rates and evidences stability and appropriate rates in Louisiana’s residential insurance …
Request for Proposals Announcement Louisiana Citizens Property Insurance Corp. (“LCPIC”), has released a new request for proposals for vendors to service insurance claims after a catastrophe, such as in response to a hurricane. Proposals from applicants can be submitted on …
The Louisiana Department of Insurance reported that the leadership of Louisiana Citizens Property Insurance Corp. will change in 2018. Two long-serving employees, Chief Operating Officer Vijay Ramachandran and Chief Financial Officer Steve Cottrell are retiring. Joseph Sciortino will step into …
Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The Advocate reports a mix of rate …
Louisiana Insurance Commissioner Jim Donelon is reminding property insurance policyholders that the deadline to claim a rebate for the Louisiana Citizens Property Insurance Corp. assessment charged on their 2011 insurance policies is Dec. 31, 2015. Nearly $34 million, or 52 …
Louisiana Citizens Property Insurance Corp. may soon end the longstanding, and apparently unique, practice of selling policies that include a $10,000 deductible for non-hurricane damage. Chief Financial Officer Steve Cottrell tells The Advocate the percentage of personal lines policies with …
The chief executive officer of state-backed Louisiana Citizens Property Insurance Corp. abruptly resigned following a closed session of the insurer’s board of directors to discuss personnel matters. The Advocate reports David Thomas, a 40-year veteran of the insurance industry, declined …
