Farmers Insurance pulling out of Louisiana
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, Insurance Commissioner Jim Donelon said yesterday.
View ArticleDonelon: Nearly 2/3 of Citizens rebates unclaimed
The total dollar amount awaiting applicable Louisiana property owners is more than $255 million.
View ArticleState promotes Citizens rebates
Louisiana taxpayers are leaving tens of millions of property insurance rebates unclaimed each year.
View ArticleCitizens CEO to retire in June
Robertson’s announcement comes as Citizens faces a budget shortfall totaling more than $100 million tied to both outstanding claims from Hurricane Isaac and the cost of settling lawsuits for its slow...
View ArticleDonelon opposes $100M Citizens borrowing plan
Donelon's assessment came after the board for the Louisiana Citizens Property Insurance Corp. approved the borrowing idea, which would be done by selling bonds to investors for upfront cash.
View ArticleCitizens borrowing plan stalls in Bond Commission
State officials have stalled a decision on whether the state's property insurer of last resort should borrow $100 million to help close an anticipated budget gap.
View ArticleNo new plan for dealing with Citizens’ budget gap
The governing board for Louisiana's property insurer of last resort isn't revisiting a $100 million borrowing plan that has stalled at the state capitol.
View ArticleLa. House lawmakers shelve Citizens rate review bill
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.
View ArticleSenator gives up on Citizens insurance CEO job
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.
View ArticleDonelon hires new CEO for Citizens
Insurance Commissioner Jim Donelon announced today that he has named David Thomas as the new CEO of Louisiana Citizens Property Insurance Corp., the state-backed property insurance of last resort.
View ArticleSubsidies try to steer small business to Obamacare
Businesses with 25 or fewer full-time employees are exempt from the Affordable Care Act and won’t have to provide health coverage for their employees, but they can still take advantage of a tax credit...
View ArticleInsurance watchers question affordability of exchanges
Those paying close attention to the industry wonder whether the new competition that the sweeping federal health care reform law is fostering will actually produce affordable coverage in Louisiana.
View ArticleBusinesses seek delay in flood insurance increases
Business owners across the New Orleans area face sky-high rate increases under a new law intended to stabilize the government’s debt-laden flood insurance program. Now many are fighting to delay the...
View ArticleNearly 1/3 of fed flood premiums goes to private insurers
Critics note that one of the biggest hurdles to finding a long-term and stable flood insurance solution is the system of third-party administration of NFIP policies.
View ArticleDonelon: Complexity of health law ‘mind-boggling’
Insurance Commissioner Jim Donelon says there is "no way at all" that people have enough information to make decisions when the new health insurance marketplaces created by the Affordable Care Act open...
View ArticleDonelon: Fewer customers have Citizens insurance
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.
View ArticleLegislature plans flood insurance meeting
The Legislature's insurance committees have scheduled a Wednesday meeting to discuss what can be done to help residents facing skyrocketing flood insurance increases.
View ArticleDonelon: At least 80,000 face canceled policies
Insurance Commissioner Jim Donelon says at least 80,000 people in Louisiana won't be able to keep their current insurance coverage because of the federal health overhaul.
View ArticleLa. court orders AmCare to pay $6.1M in claims
The 19th Judicial District Court in Baton Rouge awarded more than $6.1 million in principal and interest payments to claimants in the decade long suit against AmCare Health Plans of Louisiana.
View ArticleState regulators meet Obama on cancellations fix
State insurance regulators say most states are still weighing options on President Barack Obama's proposed fix for canceled health insurance policies
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