Louisiana Insurance Commissioner Jim Donelon says the state-run insurer of last resort has its lowest number of customers since Hurricane Katrina struck Louisiana eight years ago. Donelon says the Louisiana Citizens Property Insurance Corp. has 105,000 policies, representing about 3 …
State officials stalled a decision on whether Louisiana’s property insurer of last resort should borrow $100 million to help close an anticipated budget gap. The Bond Commission, which includes lawmakers and statewide elected officials, didn’t take any action on the …
Louisiana Insurance Commissioner Jim Donelon said it’s premature for the state property insurer of last resort to borrow $100 million to help close a budget gap, according to a letter released March 19. Donelon’s assessment came after the board for …
Nearly two-thirds of Louisiana Citizens Property Insurance Corp. (Citizens) rebates that are available to policyholders are unclaimed, according to state Insurance Commissioner Jim Donelon. Donelon and Department of Revenue (LDR) Director of Customer Service Kent LaPlace are urging property owners …
Farmers Insurance Exchange, which has around 23,000 homeowner and 7,000 auto policies in Louisiana, is dropping those lines of business in the state, but a company spokesman said Friday it will retain more than 100,0000 policies in Louisiana under three …
Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty Co. (State Farm). State Farm submitted the request for the +16.6 percent rate increase to its homeowners program in …
The Louisiana Department of Insurance helped policyholders recover an additional $6.4 million in disputes with insurers in 2012. Insurance Commissioner Jim Donelon told The Advocate that insurers made the additional payments after consumers complained to the Insurance Department about the …
