Louisiana home insurance customers with UPC might need new policies soon

Home insurance Policy Cancelled

Commissioner Donelon said that the first to be affected are those with Freddie Mac-backed mortgages. Louisiana Insurance Commissioner Jim Donelon is urging home insurance policyholders to find out if they are likely to lose their home insurance through UPC and to take action early if so. Florida-based United Property and Casualty is the latest insurer to find itself struggling in the state. The home insurance company will stop writing new policies in Louisiana starting January 1, 2023. “That is because their financial rating has been downgraded, to the point where…

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