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re: Louisiana Legislature repeals law blocking homeowner’s insurance cancellations

Posted on 5/2/24 at 12:00 am to
Posted by BigJim
Baton Rouge
Member since Jan 2010
14516 posts
Posted on 5/2/24 at 12:00 am to
quote:

This will end badly. It won’t lower premiums and will make it easier for insurers to just leave.


Perhaps you haven't noticed, but they have already left.

They don't want to do business in a risky state.

Part of, but not the whole issue, is why would you write policies in state that you are stuck with in perpetuity after three years?

quote:

Insurance companies are evil. They don’t make $$$ on your premiums, they make money on investments.


I guess we must be doing great because we seem to be warding off these evil companies!



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