re: Homeowner’s Insurance is collapsing in LA - UPC gone, Cajun now gone - rates up 40%

I've always heard that insurance rates go up once you get south of I-10, or into a coastal parish. Is that true that insurance companies use hard lines for quotes like the interstate or parish lines? Or is it just based on risk at that specific area? Example: Two neighboring homes - one in Vermilion parish and the other in Lafayette parish - would there be a higher quote for the home in Vermilion, or would they be basically the same because the risk is actually the same in reality. Just wondering.

The major carriers don’t want to have to cover hurricane or major storm damage and are behind all this shite to try to force the government to do it like they do flood now because they make out like bandits.

They said this during Katrina. They hate covering anything that might end up being a freaking claim, and hate actually having to timely investigate and pay claims. They prefer to starve out people, use crooked engineers etc just like they did in Katrina. It’s a cartel. We need the feds to pass real legislation with teeth to stop all the ducking fraud they commit or put a bunch of the mfers in actual jail and not just pay mfer fines which are about half of what the pos stole. Or convince the ducking Arabs to put a few trillion into insurance industry to fight the Jews that control the industry now. (I tried this years ago but the wrong Saudi prince took control)

As long as little bullshite states like Louisiana try to regulate and control trillion dollar insurance cartel this is going to happen. The only state that can do it now California…maybe.

The insurance companies own all the state insurance commissions, most of the governors, all the federal judges, most all the legislators, most of the state supreme courts, Congress obviously, so please tell me what the ducking hell do you want to give them to fix this issue? Just suspend the GD constitution and legally declare them and defense contractors to be in control of everything.
Hint: They don’t want that bro, they already are in complete control and the illusion of a democracy serves them better.

You will just take your rate increases like a little bitch like the rest of us, and pray they don’t come and take your children too bitch. And you are doing it right be a good little sheeple bitch and Blame the state, just like they want you too. Maybe they will eat you last.

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Or convince the ducking Arabs to put a few trillion into insurance industry to fight the Jews that control the industry now.

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insurers have been a scam for a long time
now that they actually have to pay claims they don't want to and they make you jump through all these hoops to get your claim approved
so all the money you've been collecting from policyholders for decades is not to be used to protect their own customers

It's a hedge game right...you hedge your bets that all the people that you cover will keep you profitable even considering what claims you do pay out....in South Louisiana that hedge game has turned real bad for 3+ years now and it seems the insurance companies are betting that over time it stays that way....so they are cutting bait since they don't see profits in the area.

I mean I'd probably do the same if I had a nationwide business and was losing my arse in one area.

Is it true that in Louisiana, homeowners insurance cost more if you are near open water. I live one block from the lake in Metairie and my insurance guy said that my insurance cost more because I live so close to the lake. Is this true or is he giving me the green weinie?

Yea my agent followed up with me - Cajun decided to stay but seems to want to get out of LA soon.

Blame the insurance companies all you want but they aren’t charities.

There’s a reason they are cutting and running. Property claims mixed with nuclear jury verdicts and a state that babies billboard lawyers is a recipe for disaster for insurance companies. They will stay and break even on property if the auto/GL/WC/umbrella etc are profitable, but when everything is not profitable they can either charge unreasonable prices no one can pay or cut losses and pull out of the market completely.