Tag: Louisiana insurance

Louisiana workers compensation to lower its rates

G. Turner
Insurance Commissioner Jim Donelon - Insurance News

This form of insurance is set to decrease by 5 percent within 2014, which will certainly be welcome. Jim Donelon, the state commissioner has now announced that Louisiana workers compensation rates will be decreasing as of May 1, 2014, by an average of 5.1 percent. The decrease was approved by the commissioner following a recommendation by the NCCI. He gave the nod to the reduced Louisiana workers compensation rates after the National Council on Compensation Insurance made its recommendation for a 5 percent reduction as a result of notably improved…

Read More

Flood insurance rates battle now includes another state

H. Cutner
flood homeowners insurance rates

Mississippi has been trying to combat the federal plans to boost the price of coverage. The intentions to increase federal flood insurance rates is currently being challenged by Mississippi, and that state is far from being alone as Louisiana, its neighbor, has now joined the others in this legal action to try to keep the cost at an affordable level. The original lawsuit was filed by Mississippi in an attempt to stop increases at the start of October. The National Flood Insurance Program (NFIP) had announced that premiums for most…

Read More

Health insurance exchange considered too complex in Louisiana

S.Vagus
online health insurance technology exchange

Commissioner Donelon criticized state’s health insurance exchange Health insurance exchanges throughout the U.S. will begin open enrollment next week, but that does not mean that the controversy surrounding these exchanges will be put to rest, at least not in Louisiana. The state’s Insurance Commissioner, Jim Donelon, claims that consumers will not be able to access enough information to make adequate decisions concerning their health insurance coverage. The Commissioner suggests that the exchanges are designed to be too complex, which could create extreme confusion among those looking to purchase coverage from…

Read More

Auto insurance highest in Louisiana yet again

Louisiana Auto Insurance rates

The latest comparison of rates among the states has held the state as the most expensive, once more. According to the latest statistics from Insure, a comparison of the average auto insurance rates in March have shown that Louisiana drivers pay the highest amounts in the entire country. The next state after Louisiana in terms of the highest expense for coverage was Michigan. Louisiana drivers pay an average annual auto insurance rate of $2,699, while Michigan motorists pay an annual average of $2,520. In third place was Georgia, where the…

Read More

Homeowners insurance rebates available to many in Louisiana

Citizens Insurance Louisiana homeowners insurance property

Citizens rebates are available to many property owners who pay taxes within the state. Officials in Louisiana are reminding property tax payers in the state that they may be able to benefit from a tax rebate which could give back some of what they have been paying into homeowners insurance for Citizens assessments. These payments have been made as a part of the overall property coverage bills and may be claimed. According to the state officials, many people in Louisiana can receive rebates for the assessments that they have been…

Read More