Louisiana’s property insurer of last resort has completed another round of policy depopulation — its 12th, the state insurance department announced. Louisiana Citizens Property Insurance Corp. (Citizens) offers property insurance to any home or business owner that cannot otherwise obtain …
Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for the state’s property insurer of last resort is set to approach 54,500 with the most recent round of depopulation. That number represents a significant drop from a high …
Louisiana’s property insurer of last resort expects to shift about 10,000 policies to private insurance companies for 2016, a move that will reduce premiums by roughly $20 million. Interim Chief Executive Officer Vijay Ramachandran told The Advocate seven private companies …
The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with recommendations to bolster TWIA’s operational efficiency, stabilize …
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 Insurance Commissioner Jim Donelon announced that Louisiana Citizens Property Insurance Corp. (Citizens) has completed a sixth round of depopulation with 6,877 residential (personal lines) policies being transferred to the private insurance market With the recent depopulation efforts, Citizens policy …
The new chief of Florida’s policyholder-backed property insurer Citizens Property Insurance offered no magic bullet to depopulate the insurer, but promised the insurer will charge higher rates for less coverage in order to encourage customers to buy elsewhere. Newly-appointed Citizens …
When the question is how to shrink Florida’s state-backed home insurer, answers from insurance agents, insurer executives, state lawmakers, and others come down to increasing rates and shifting more policies to the private market. Citizens Property Insurance Corp. held a …
A decades-long decline in population is likely to continue in Kansas, particularly in the west of the state, and four counties could have fewer than 1,000 residents by 2040, according to a study by Wichita State University’s Center for Economic …
Florida’s largest homeowners’ insurer has set the goal of moving at least $1 billion in risk back to the private capital markets while looking to lawmakers to make statutory changes that will assist the insurer in its depopulation efforts. Speaking …
