Wednesday, April 19, 2006

You’re in good hands, maybe…Expect to See Homeowners Insurance Costs Rise...

Louisiana Citizens Property Insurance, which writes homeowners policies for Louisiana residents in high-risk areas, developed a deficit of $825 million as a result of Hurricane Katrina. To cover the claims, Louisiana Citizens billed 146 private insurance companies $40 million. The Louisiana Department of Insurance says the private insurers plan to recover their share of the bill by increasing premiums. Shauna Sanford, WWW-TV, Thibodaux Daily Comet, 04/18/2006

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