Tag: Louisiana insurance

Health insurance rates going up in Louisiana

Logan B.
health insurance news

Policies purchased through state’s exchange will have higher premiums beginning in 2015 Those that have purchased health insurance coverage through the Louisiana exchange could see their rates increase in the coming year. The state’s Department of Insurance has announced that approximately 60,000 people that have purchased coverage through the exchange will see rate increases in the double-digits in 2015. This expectation of higher rates comes after receiving proposals from insurance companies. Many insurers are looking to raise the rates for the coverage that they provide in order to better position…

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Unemployment insurance claims increase in Louisiana

Julie Campbell
unemployment insurance

The state’s weekly filings for first time claimants are now on the rise. According to a recent report on the figures regarding the first time claims for unemployment insurance in Louisiana, during the week that ended on June 7, the state experienced a weekly filing increase that was quite significant. Though the previous week’s total had been 2,976, the most recent figures rose to 3,292. That is a massive increase to experience from one week to the next, but the state labor department expressed that those unemployment insurance figures were…

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Health plan reserves for Louisiana state employees shrinks

H. Cutner
insurance rates rise

The Jindal administration is blaming the higher cost of claims and declining premiums. It was only slightly more than two years ago that there had been about a $500 million in the health plan reserves for the state employee program in Louisiana, but that has changed considerably over that short period of time. The balance within the insurance fund has now dwindled to an amount that is about half that size. This reserve balance for the health plans is meant to help to cover the medical claims that are made…

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Auto insurance rates are headed up due to claims and litigation

G. Turner
Louisiana Auto Insurance rates

The drivers in Louisiana are familiar with rising premiums, and now they are given another reason why. An auto insurance rates study has added some confirmation for residents in Louisiana who have been wondering why their premiums have been steadily rising and are now continuing to do so. The study didn’t necessarily discover anything new but it did prove what had previously been believed. What it found was that in a state where the auto insurance premiums are recognized as among the highest in the country – particularly in Baton…

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Louisiana homeowners insurance rates at Citizens are headed up

G. Turner
Citizens Insurance Louisiana homeowners insurance property

The insurer of last resort is now increasing the amount that policyholders must pay for coverage. Throughout the state, Louisiana homeowners insurance customers who have their coverage through Citizens are discovering that their rates are headed up yet again, regardless of whether they are covered for their homes or for wind-only policies. Other forms of coverage affected by the change include mobile home, renters, and condo policies. The average increase across all of these forms of Louisiana homeowners insurance and other affected forms of coverage is 5.2 percent. Following a…

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