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Louisiana Citizens Property Insurance seeks to raise rates by 10.5% throughout the state

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Written on:January 16, 2012
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Louisiana Citizens Property Insurance seeks to raise rates by 10.5% throughout the state

Homeowners in Louisiana may see their insurance rates jump as the state’s own Citizens Property Insurance company proposes new, higher rates. The state-run insurer, which accounts for more than 120,000 policies, is looking to raise rates throughout the state by an average of 10.5%. For some parts of the state – particularly those near the coast – these rates will be higher. Insurance Commissioner Jim Donelon is currently reviewing the…

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