Privilege Underwriters Reciprocal Exchange (PURE) has revealed that has enhanced its offerings for customized coverage through property and casualty insurance for homeowners of high-value, well-built Louisiana houses. According to the chief executive officer and president of PURE, Ross Buchmueller, two of the primary reasons that PURE is so keen to bring its customized services into the personal insurance marketplace in the state is because of the unprecedented investments that have been recently been made into the protection infrastructure of New Orleans and its surrounding area, as well as the professionalism…
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Private insurance companies to begin participating in Louisiana’s Citizens Property Insurance Corp
Private insurers are getting ready to start taking over Louisiana’s Citizens Property Insurance Corp. The state-run insurance agency has fared well in the past four years, experiencing periods of growth throughout 2007 and 2008. The state’s Department of Insurance is looking to “depopulate” the program, however, in an attempt to lower insurance rates for the majority of policyholders. To this end, regulators are inviting private insurance companies to begin selling policies through Citizens. Regulators believe that these policies will bring higher quality service to consumers. Part of the success behind…
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