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.
At-Bay to Be Acquired by Munich Re for $575 Million 
11 New Firms Join Insurance Journal’s Top 100 Independent Agencies 
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl 
Jury Finds No Gun Defect, Sides With Sig Sauer in Unintended Discharge Case 
