58 percent wind rate boost by last resort insurer
May 24th, 2012
BATON ROUGE — Louisiana Citizens Property Insurance Corp. plans an average rate increase for wind-only policies of 58 percent, sparking an argument among top state officials on whether the increase is legal. The Advocate reports (http://bit.ly/Lt8LrM) that the large increase follows a Wednesday meeting of the corporation’s board, which rejected state Treasurer John Kennedy’s proposal […]
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