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Amid crisis, Louisiana auditor urges insurance regulators to scrutinize undervaluing of property

Por: The Advocate Business October 18, 2022

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The Louisiana Legislative Auditor is urging insurance regulators to dig deeper into why nearly a dozen insurers folded as they struggled to pay claims after four powerful hurricanes made landfall in the state.In , the auditor called on the state Department of Insurance to thoroughly examine a claim the agency has made frequently: Why did so many of the failed companies lack enough reinsurance — that is, coverage insurers use as a backstop... + full article



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