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HOW BAD CAN LOUISIANA INSURANCE CLIMATE GET?
Â The cost of property insurance in Louisiana is skyrocketing, and rates have become unaffordable to many.Â And if a property owner is able to scrape up the spiraling yearly premiums, their claims are often not being paid. Just last week, this column wrote about how projections of increasing premiums could, in some parts of the state, exceed 1000%.
Â But that’s just one part of the problem.Â Louisiana has the dubious distinction, year after year, of having the highest property insurance rates in the country. And the bugaboo that has caused so much damage to the state’s insurance climate is Citizens Property Insurance Company. Â Â Take a look at my new column now posted about the sad state on insurance affairs in the Bayou State.Â You can read it now by going to the Red Flashing Box above, or by Clicking Here.