Louisiana Insurance Commissioner Tim Temple approved SureChoice Underwriters Reciprocal Exchange and Elevate Reciprocal Exchange’s requests for a 7.5% average rate decrease on the carriers’ more than 73,000 homeowners policyholders and 17,000-plus dwelling policyholders.
Related: Why Reciprocal Insurance Exchanges Are Back in Fashion
The changes, which are statewide averages and vary based on individual risk, take effect on Feb. 16, 2026.
SURE, the second largest homeowners insurer in Louisiana, writes roughly 8% of the market. Elevate is a Goosehead-exclusive insurer. SURE and Elevate are member-owned coastal homeowners insurance providers. Both are owned by Novel Financial Holdings.
The company said its decreases are primarily driven by a reduction in reinsurance costs.
Topics Louisiana Homeowners
Was this article valuable?
Here are more articles you may enjoy.
Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues 
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years 
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule 
Florida AG Sues Roofing Firm After Dozens of Complaints About Unfinished Work 
