BATON ROUGE, La. (AP) — LouisianaCitizens Property Insurance Corp.'s board is expected to approve increasing its commercial coverage rates by an average of 45.1 percent statewide this week.
Almost all of Citizens' roughly 5,700 commercial property policies are in the New Orleans area and coastal parishes...
HOUMA, La. (AP) — Significant rate increases for state-sponsored wind and hail property insurance policies that Citizens Property Insurance Corp. approved earlier this year were legal, according to an opinion by the state's attorney general...
It's looking like tomorrow will be decision day for Citizens Insurance. In an update to this story, the state's insurer of last resort is debating whether it should go to the U.S. Supreme Court after the company was ordered to pay $93 million after they took too long to begin handling claims for hurricanes Katrina and Rita.