State Sen. Dan “Blade” Morrish has dropped his bid to become the next CEO of the state-run insurer of last resort, the Louisiana Citizens Property Insurance Corp. The Louisiana Board of Ethics had advised that Morrish would have a conflict …
Louisiana’s state-run property insurer of last resort is considering ways to close its multimillion-dollar budget gap, and either option would lead to increased costs to homeowners covered by traditional insurance companies. Steve Cottrell, chief financial officer for the Louisiana Citizens …
Louisiana Citizens Property Insurance Corp. has received 17,059 claims from Hurricane Isaac. Ninety-seven percent of those claims have been inspected by company adjusters and 85 percent have been settled. Loss payments through the second week of October totaled $57.8 million. …
A last-minute provision added to legislation headed to the governor’s desk will deliver a price cut to south Louisiana property owners who get insurance through the state-run insurer of last resort. The compromise was devised by lawmakers seeking to lessen …