Column: 'Insurance a Mess in Louisiana'
Jim Brown, former Louisiana insurance commissioner, says Louisiana homeowners are "taking it on the chin" from insurance companies. Brown calls for abolishing the Insurance Rating Commission and questions the way some insurers justify denying claims and possibly eliminating wind and hail coverage. Brown also questions whether customers should pay for Allstate's poor business decision not to buy reinsurance in Louisiana, as the company reports $1.7 billion in reported hurricane-related losses. Read the column at LA Politics.com. James H. Brown, LAPolitics.com, 03/29/2006
Jim Brown, former Louisiana insurance commissioner, says Louisiana homeowners are "taking it on the chin" from insurance companies. Brown calls for abolishing the Insurance Rating Commission and questions the way some insurers justify denying claims and possibly eliminating wind and hail coverage. Brown also questions whether customers should pay for Allstate's poor business decision not to buy reinsurance in Louisiana, as the company reports $1.7 billion in reported hurricane-related losses. Read the column at LA Politics.com. James H. Brown, LAPolitics.com, 03/29/2006
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