Tag: louisiana citizens insurance

9 Louisiana insurance companies apply for new incentive program

Marc
Louisiana insurance - Apply Now

Commissioner Donelon released an update about the strategy to take the pressure off Citizens. Louisiana Insurance Commissioner Jim Donelon recently held a news conference during which he released an update about the new incentive program in the state. The announcement revealed that 9 insurers selling in the state have applied for the program. The Louisiana insurance program announcement was a follow up to the $45 million funding bill state legislators passed to allow the Department of Insurance in the state to form an incentive program to draw more insurers to…

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Homeowners insurance from Citizens may be getting pricier (again)

H. Cutner
Louisiana homeowners insurance news

Louisiana residents with this coverage may soon be paying more for their coverage later in 2016. Residents of Louisiana who purchase the homeowners insurance of last resort in the state may soon find that their rates are going to be higher than they had been last year, if Citizens gains approval for an increase request that they have submitted. The increases wouldn’t go into effect until later this year, but property owners should prepare themselves. Should the homeowners insurance rate increases be approved, it will be residents of Terrebonne and…

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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…

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Homeowners insurance policyholders step away from Citizens

Homeowners Insurance

A growing number of customers in Louisiana are seeking coverage elsewhere. According to the homeowners insurance commissioner in Louisiana, there have been 6,877 policies that have now left Citizens and that are now being covered by private insurers. These property owners will benefit from the change because they will likely have lower premiums. Citizens homeowners insurance is currently facing a legal requirement which forces them to have to increase their premiums. By law, that insurer must now charge more. Therefore, the customers that have now moved their policies to private…

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Insurance news from Louisiana shows Citizens chief will not receive $50K raise

Insurance Commissioner Jim Donelon - Insurance News

Jim Donelon, the commissioner for the state, has rejected the pay increase for the company’s top exec. The CEO of Louisiana Citizens Property Insurance Corp., Richard Robertson, made insurance news when his pay raise of $50,000 was rejected by the state’s commissioner, Jim Donelon. The commissioner said that this is the wrong time for the raise, though the CEO’s work was praised. Commissioner Donelon said that Robertson has done good work as the CEO of the state-run property insurer, but that the timing of this salary increase was inappropriate. Donelon…

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