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Farmers Insurance returns to Louisiana after 7-year absence

8 months 4 weeks 5 hours ago Tuesday, March 09 2021 Mar 9, 2021 March 09, 2021 5:43 AM March 09, 2021 in News
Source: Associated Press

BATON ROUGE, La. (AP) — Farmers Insurance intends to return to Louisiana to offer automobile, homeowners, condo and renters insurance, Insurance Commissioner Jim Donelon announced Monday, saying he approved the rate filings.

The company — the nation’s ninth largest property insurer — started selling homeowner policies in Louisiana in 1999, but left Louisiana’s market in 2014, Donelon said.

Farmers is returning to Louisiana as it part of a broad expansion into the East and South in recent years, the insurance department said. Farmers plans to offer policies in all 64 Louisiana parishes.

“The addition of a major national company to the roster of insurers offering property and automobile insurance in our state is a huge win for consumer choice and cost,” Donelon said in a statement.

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