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News
Editorial: Insurance market shows some long-awaited encouraging signs
13+ hour, 17+ min ago (412+ words) It’s a rare thing these days to hear good news about insurance rates in Louisiana. So let us cautiously cheer signs that the drastic, cascading property insurance crisis of the past few years may be easing. Business writer Stephanie Riegel’s…...
Homeowners insurance has gotten a little cheaper, easier to come by. Is the crisis over?
2+ day, 12+ hour ago (1587+ words) Insurance Commissioner Tim Temple chats with attendees of a conference in Bermuda, the "world's risk capital," where the reinsurance industry plays a big role in insurance prices in Louisiana. The Food-N-Fun Casino is damaged from Hurricane Ida Monday, August 30, 2021, in…...
Louisiana wants $50 million for fortified roofs. Here’s how it could help insurance rates.
2+ mon, 1+ week ago (1281+ words) Louisiana may soon get a massive influx of money for a widely touted solution to ever-rising home insurance rates: Fortified roofs. In all, the program would have enough money for 8,000 new fortified roofs this year, nearly double the number completed…...
Louisiana’s fortified roof grant program can’t keep up with demand from homeowners
5+ mon, 2+ week ago (941+ words) Nearly three years since the start of a state program to dole out grants for homeowners to get stronger roofs, the number of people seeking help is far outstripping the money available. The state’s fortified roof grant program has emerged…...
Letters: The insurance crisis that no one in La. wants to face
4+ mon, 6+ day ago (261+ words) The Gulfport, Miss., home of a person seeking a visit by a State Farm insurance adjuster is seen Sept. 21, 2005, 23 days after Hurricane Katrina washed over the Gulf Coast. Louisiana is losing itself. About a football field an hour, the land…...
Louisianans with fortified roofs could soon get a bigger insurance discount. Here’s why.
4+ mon, 3+ week ago (690+ words) Louisiana will soon push home insurers to give specific discounts in exchange for homeowners getting fortified roofs, after a yearslong debate over how to deliver savings to residents who face soaring insurance premiums. Insurance Commissioner Tim Temple’s office quietly released…...
Jeff Landry asks state-created insurer to pay for fortified roofs. Here’s why.
5+ mon, 1+ week ago (897+ words) Gov. Jeff Landry is asking the state-created Louisiana Workers’ Compensation Corp. to use its balance sheet to help pay for stronger roofs for homeowners in a bid to alleviate a homeowners insurance crisis that has proved an enduring political problem....
Letters: TV ads provide clue as to why insurance rates are so high in La.
5+ mon, 2+ week ago (280+ words) NOLA.com Several major auto insurance businesses are reducing rates in Louisiana as fewer drivers are on roadways commuting to work. Recently, I watched the local TV news at noon. Most of the commercials were for ambulance chasers. Their billboards…...
With reinsurers seeing profits, can Louisiana expect home insurance rates to drop?
6+ mon, 1+ week ago (1175+ words) Houma resident Charlotte Freeman faces down Insurance Commissioner Tim Temple, foreground, during a Q&A about the Louisiana insurance market at a town hall in Houma. He called insurance the "biggest crisis our state faces." Insurance Commissioner Tim Temple mingles…...
Louisiana allowed insurers to drop more homeowners. Only one took advantage.
7+ mon, 2+ week ago (1007+ words) Louisiana lawmakers passed a controversial law last year that gave insurance companies more leeway to drop policyholders, part of a fierce debate over how to tame ever-rising homeowners insurance rates that have reached crisis levels. Consumer advocates and Democrats warned…...