The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas. Those policyholders would …
Louisiana’s property insurer of last resort received approval from state officials to bump up its bank line of credit, giving the company more resources to cover claim costs if the state is hit with a significant storm. The State Bond …
As the peak of hurricane season approaches, the governing board for Louisiana’s property insurer of last resort agreed to boost its bank line of credit, to give the company enough money to cover costs in case of a storm. The …
The state’s insurance commissioner has named a new chief executive to run Louisiana Citizens Property Insurance Corp., the state-run insurer of last resort. Commissioner Jim Donelon said he has named David Thomas to take the helm of the company. Thomas …
State Sen. Dan “Blade”Morrish has dropped his bid to become the next CEO of the state-run insurer of last resort, the Louisiana Citizens Property Insurance Corp. The Louisiana Board of Ethics had advised that Morrish would have a conflict of …
Louisiana Citizens Property Insurance Corp. announced it has made significant enhancements to increase efficiency of claims filing, adjuster deployment and claims processing, in advance of the 2013 hurricane season. The company established a claims reporting telephone number that will become …
Louisiana State Sen. Dan “Blade” Morrish is barred from seeking the CEO’s job at Louisiana Citizens Property Insurance Corp. That ruling was reaffirmed on May 17 as the Louisiana Ethics Board upheld an earlier advisory opinion, reports the American Press …
Lawmakers in the House have rejected a proposal seeking legislative review of large rate hikes for customers of Louisiana’s property insurer of last resort. The House Insurance Committee scrapped the idea in a 9-4 vote against Senate Bill 19 by …
Large rate hikes for customers of Louisiana’s property insurer of last resort would require legislative approval, under a bill that received Senate Insurance Committee backing. St. Mary Parish Sen. Bret Allain sponsored the measure after residents of his parish who …
The governing board for Louisiana’s property insurer of last resort didn’t choose an alternate approach on April 3 to balance the company’s books after a $100 million borrowing plan stalled at the state capitol. Instead, Steve Cottrell, chief financial officer …
