Nation
World
Politics
Sports
Business
Entertainment
Life
Tech
Science
Opinion
Crime
Health
Oddities

Another large insurer is leaving Louisiana. Here's what it means for policyholders.

Por: The Advocate Business December 08, 2022

thumbnail

Yet another major insurer is pulling out of Louisiana.United Property & Casualty Insurance Co., based in Florida, will cease renewing its roughly 36,000 Louisiana home insurance policies in 2023. It is the largest company, in terms of the value of , to amid the state’s .Wednesday’s announcement of UPC’s departure didn’t say why the company is leaving, though Insurance Commissioner Jim Donelon that UPC’s financial ratings had been... + full article



Similar News

Low ratings didn’t disqualify weak insurers from taking risky policies from Louisiana Citizens

The Advocate USA Business November 21, 2022

thumbnailState lawmakers created one rule that insurers had to follow if they wanted to take over risky policies carried by the state-run insurer of last resort, Louisiana Citizens Property Insurance Corp.The private companies needed a letter grade of B+ or better from the leading rating... + más

Insurance Technology Spend Forecast: What's Driving Growth for P&C and Life Insurers in the US, UK, and Canada | Business Insider

Insurance Technology Spend Forecast: What's Driving Growth for P&C and Life Insurers in the US, UK, and Canada | Business Insider


Louisiana Citizens rate increases will be as high as 111% in some parishes

The Advocate USA Business November 16, 2022

thumbnailThe unlucky residents who rely on the state’s insurer of last resort pay the most for .Thanks to the hurricanes of 2020 and 2021, the prices charged by Louisiana Citizens Property Insurance Corp. are set to rise by an average of 63%. But in some parishes, the financial pain... + más

Losing people, losing jobs: Forecast projects rural Louisiana's 'funk' to worsen | The Advocate

Louisiana Citizens rate increases will be as high as 111% in some parishes | The Advocate


Louisiana Citizens rate increases will be as high as 111% in some parishes

The Advocate USA Business October 30, 2022

thumbnailThe unlucky residents who rely on the state’s insurer of last resort pay the most for .Thanks to the hurricanes of 2020 and 2021, the prices charged by Louisiana Citizens Property Insurance Corp. are set to rise by an average of 63%. But in some parishes, the financial pain... + más

Losing people, losing jobs: Forecast projects rural Louisiana's 'funk' to worsen | The Advocate

Early voting starts Tuesday; What's on the Baton Rouge area ballot this time around? | The Advocate


State program placed Louisiana’s riskiest policies with untested insurers; many then failed

The Advocate USA Business October 02, 2022

thumbnailOver the last decade and a half, more than 129,000 policyholders have been offloaded from Louisiana Citizens Property Insurance Corp., the . Through a program known as depopulation, some of the riskiest policies were placed with untested private insurers as the agency tried to... + más

Insurance Technology Spend Forecast: What's Driving Growth for P&C and Life Insurers in the US, UK, and Canada | Business Insider

Hurricane Ian didn't come anywhere near Louisiana. But it could still roil our insurance market | The Advocate


Florida's home insurance market was a mess before Ian. It's about to get worse

CNN USA Business September 30, 2022

thumbnailNew York CNN Business  —  Florida homeowners were already facing an expensive and difficult market for home insurance before . The devastating storm is about to make things worse — even for those fortunate enough to escape any . For the better part of two decades, the... + más

Benefits of whole life insurance everyone should know | CBS News

Hurricane Ian claims could topple Florida home insurance market: analysts | New York Post


Ninth insurer in Louisiana goes under; here's what it means for 1,500 open claims

The Advocate USA Business September 27, 2022

thumbnailFednat Insurance Co., a Florida-based insurer with a modest presence in Louisiana, has been steered into insolvency by regulators after struggling to pay existing claims. It’s the ninth company with policies in Louisiana to go under since a flurry of storms hit the state... + más

Louisiana Citizens wants 63% rate increase for homeowners' policies amid failures | The Advocate

Pet insurance: How it works and what it costs | CBS News


Louisiana Citizens wants 63% rate increase for homeowners' policies amid failures

The Advocate USA Business September 17, 2022

thumbnailLouisiana Citizens Insurance Corp., the state’s insurer of last resort, wants to raise its already-high prices by more than half, following a dramatic increase in demand for coverage after and nearly a dozen others exited the state.The organization has asked the Louisiana... + más

Judge pauses D.R. Horton lawsuit 30 days to give homebuilder time to push case to arbiter | The Advocate

Consumer prices rise unexpectedly in August, sending stock market tumbling | ABC News



About iurex | Privacy Policy | Disclaimer |