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re: Homeowner’s Insurance is collapsing in LA - UPC gone, Cajun now gone - rates up 40%
Posted on 3/22/23 at 10:48 am to theunknownknight
Posted on 3/22/23 at 10:48 am to theunknownknight
It isn't the only cause by any means, but it doesn't help that the state is controlled by the trial lawyers. Look at it from the insurers' perspective: Why would any company want to write business in Louisiana?
2
Posted on 3/22/23 at 10:49 am to SloaneRanger
Got a trial lawyer in the governor’s mansion. Too bad his term doesn’t expire for another nine months.
Posted on 3/22/23 at 10:51 am to SloaneRanger
quote:
Look at it from the insurers' perspective: Why would any company want to write business in Louisiana?
It is annoying because in 5 years after we don't have any storms, they will return which completely negates the law of large numbers. Then we will do this whole dance again.
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