Louisiana insurance regulators have rejected a rate increase from the state’s largest insurer of homes.
State Farm Fire and Casualty Co. wanted an average 14.3 percent rate hike for its 301,000 customers who get homeowners and condominium coverage, as well as renters’ protection.
Insurance Commissioner James Donelon rejected the increase totally, saying it was not justified.
State Farm spokeswoman Molly Quirk says the company hasn’t decided what its next step will be.
State Farm received a 9.9 percent increase last year after requesting 19.1 percent. In 2009, the insurer received an 8.3 percent hike after requesting 13.7 percent.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
