![Premium Increase Approved](http://townsquare.media/site/36/files/2011/03/Insurance-katc.jpg?w=980&q=75)
Premium Increase Approved
The state's insurance company of last resort approves an average 6 & 1/2 percent premium hike for over 100-thousand homeowners. Louisiana Citizens Property Insurance first asked for approval of a 9 percent increase, but that was chopped by Insurance Commissioner Jim Donelon. Under the rate increase, the average homeowner will pay an additional $127 a year.
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