Louisiana car insurance is the least affordable in the country, says IRC study

Louisiana car insurance - Driver - car - steering wheel

Insurance Research Council data found the state to be the most expensive and has high delinquencies. The Insurance Research Council (I.R.C.) released data from a recent study showing that Louisiana car insurance is the least affordable in the United States. Moreover, the state is also among the highest for payment delinquencies in the country. These details help to show the market challenges faced by buy-here, pay-here vehicle sellers. The study pointed directly at Louisiana car insurance as the least affordable among all American states. The I.R.C. study indicated that there…

Read More

Louisiana workers compensation sees few claims but high costs

Louisiana workers compensation - Worker - Construction

Employees in the state are less likely to be injured than in any other place across the country. The Louisiana workers compensation program functions in a curious way. Despite the fact that employees in the state are less likely to be injured than those in any other state, the coverage still comes with high costs. The costs of workers compensation insurance in the state have been steadily falling for years. Comparing the cost of Louisiana workers compensation clearly shows that the actual costs are dropping. In fact, this has been…

Read More

Louisiana car insurance rates are getting higher this year

Louisiana car insurance rates auto

Premiums for auto coverage are rising across the country but this state has particular issues causing a spike. Drivers in nearly every state are watching their premiums rise this year and, due to unique conditions in the state, Louisiana car insurance rates are rising significantly. In fact, the current environment in the state is making sure auto policies are among the most expensive in the U.S. Upon hearing the news of the rate hikes, drivers in the state have expressed significant frustration. Local papers reporting on the Louisiana car insurance…

Read More

Hurricane insurance companies are preparing for a busier season than usual

hurricane insurance companies

As Harvey makes its way closer to Texas, insurers are bracing for the impact of landfall. Forecasters and hurricane insurance companies alike are watching both Harvey and the rest of the Atlantic storms that are brewing. The season is expected to be more active than average and it is far from over. In fact, the Atlantic hurricane season has only just reached its peak and will continue until November. Many meteorologists and weather monitoring organizations have upgraded their initial forecasts for the season. Though it was originally expected to be…

Read More

Most expensive auto insurance sold in Michigan and Louisiana

expensive auto insurance policy car

While Michigan’s rank at the top hasn’t changed, Louisiana has climbed back up after having fallen. Expensive auto insurance has become a way of life in certain states, and for Michigan drivers that way of life is more costly than any other state. Similarly, Louisiana, which had been dropping in the ranks among the most costly to purchase coverage, is back in second place. There are many reasons that contributed to a state-wide trend of higher insurance rates than the rest of the country. In Michigan’s case, the reason remains…

Read More

Tornado insurance tips to help victims of damage

tornado insurance

Adjusters released a number of recommendations to homeowners affected by last week’s storms. Last weekend hundreds of homes were hit by an EF1 tornado and throughout this week, tornado insurance adjusters have been dispatched. They’ve been visiting the affected areas of South Carolina and Louisiana. As insurance companies do their best to assist the victims of the storms, they have also issued advice. The tornado insurance adjusters have made a number of recommendations to homeowners still waiting for their damage to be assessed. As many of the homeowners don’t know…

Read More

Louisiana recovers funds from homeowners insurance providers, as well as others

Citizens Louisiana homeowners insurance

State agency recovers $5.1 million in insurance claims throughout 2015, resolving consumer complaints The Louisiana Department of Insurance has announced that it has recovered some $5.1 million in insurance claims in 2015. Insurance Commissioner Jim Donelon notes that state regulators have been working with representatives from several insurance companies to resolve complaints associated with a wide range of coverage. The majority of the funds recovered by state regulators have been recovered from the property/casualty sector, as well as the health insurance sector. According to the Department of Insurance, more than…

Read More