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 …
Premiums for almost all of Louisiana Citizens Property Insurance Corp.’s commercial customers will increase an average of 2.3 percent beginning in February, under a proposed rate filing. But the 307 customers whose properties lie below the Gulf Intracoastal Waterway will …
Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that have helped create a more competitive marketplace, according to …
Louisiana Citizens Property Insurance Corp. will connect its policyholders with experienced, licensed and insured local contractors in a program with Home Depot. The state’s property insurer of last resort says the free and optional Property Pro-Net service is designed to …
Policyholders of Louisiana’s property insurer of last resort have begun receiving refunds for application fees that were charged to them without their knowledge, the state insurance department announced. The refunds for Louisiana Citizens Property Insurance Corporation (Citizens) policyholders are being …
Louisiana Insurance Commissioner Jim Donelon is once again reminding property insurance policyholders that tax season is one of the easiest times to claim the Louisiana Citizens Property Insurance Assessment rebate. At a joint press conference, Donelon and Louisiana Department of …
Louisiana Citizens Property Insurance Corp. is appealing an order to return $16 million to homeowner customers who, for years, were charged a $65 application fee without their knowledge. Louisiana Citizens is the property insurer of last resort in Louisiana. Insurance …
East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed rate filing. Statewide, Citizens personal lines, …
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 …
A state-run insurance company of last resort in Louisiana has settled the remaining claims in a class-action lawsuit tied to how it handled claims after Hurricanes Katrina and Rita in 2005. The New Orleans Advocate reports state District Judge Henry …
