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

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Doesn't seem like a very sustainable business model, unless you assume every homeowner would be subject to a gag order over telling their friends and neighbors about such practice.

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Friends and neighbors can tell their friends anything that they want about whatever business practices they are subject to with a private business.

Why would a business (specifically an insurer) want to repeal a law not only granting a consumer protection, but also regulating how and when they could either increase a deductible or cancel an insurance policy?

Insurance companies are profitable only when they mitigate (or reduce) risk and when they are able to maximize profits related to the premiums they collect and deductibles they can collect. That's not really rocket science.