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  • Citizens rates rising by average of 7.7 percent

    January 11, 2013 4:09 PM

    BATON ROUGE - The state's property insurer of last resort has proposed raising homeowner's rates an average of 7.7 percent statewide this year. The Advocate reports the Louisiana Citizens Property Insurance Corp.'s board said Thursday that the rate increase is being driven in part by higher reinsurance costs for coastal... more »
  • 58 percent wind rate boost by last resort insurer

    May 24, 2012 3:48 PM

    BATON ROUGE - Louisiana Citizens Property Insurance Corp. plans an average rate increase for wind-only policies of 58 percent, sparking an argument among top state officials on whether the increase is legal. The Advocate reports that the large increase follows a Wednesday meeting of the corporation's board, which rejected state... more »
  • Insurer offers $80M to settle class-action lawsuit

    February 9, 2012 2:36 PM

    BATON ROUGE, La.- Louisiana's property insurer of last resort has offered to settle a dispute over slow handling of hurricane claims from 2005 for up to $80 million, with no more than $25 million of that for attorneys' fees. The board of Louisiana Citizens Property Insurance Corp. approved the offer... more »

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