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A major insurance scandal is percolating in Louisiana, and it comes as no surprise to those who have been following the shenanigans of the state created Citizens Property Insurance Company. The first of what may be a number of indictments were handed down by a state grand jury last week that tagged the ex CEO of this company that has faced major problems form day one. You can read the press reports of the indictments by Clicking Here.
The Citizens debacle is the subject of this week’s column now posted. You can read the column now by Clicking Here. And be sure to watch the video link below that sums up possible future problems facing those who created and operated Citizens. I was interviewed for this story by WAFB TV in Baton Rouge. And if you want to review the numerous recent news reports on the whole Citizens mess, take a look on the left side of this page in box titiled; “Insurance Info and News.” You will find complete coverage here. A real mess has been created . Stay tuned.
Link to WAFB TV (Channel 9) story on Citizens. Click Below