Insurance Crisis Offers Louisiana Few Good Options (nola.com)

Insurance Crisis Offers Louisiana Few Good Options

  Monday, October 10th, 2022 Source: nola.com

The difficult 2020 and 2021 hurricane seasons are fading from memory, but it will take a long time for Louisiana to recover. It’s not just the blue roof tarps that still dot the landscape from Lake Charles to Lafourche.

The most serious aftereffect is the disruption in the precarious property insurance market, which threatens to do lasting damage to home values in our communities.

There will be no easy or painless solution, as private insurers shy away from the most vulnerable parts of Louisiana: the parishes below Interstates 10 and 12, which is where most of the people live.

It would be nice to believe there is a law we can pass, or a villain we can identify. But insurance companies are businesses, and their skittishness is understandable when Louisiana was assaulted by two of the most powerful storms ever to churn out of the Gulf of Mexico, Laura in 2020 and Ida in 2021.

The fundamental problem is one of supply and demand: There are not enough companies willing to offer homeowners’ insurance in the state right now.

  Read Full Article
SOS Ladder AssistMid-America Catastrophe ServicesWeller SalvageNationwide Overspray

  Recent Provider Listings

Serving California Statewide
California Fire Investigations
Serving Orange & Surrounding Counties
Florida Contents Inventory And Valuation Services
Serving California & Nevada Statewide
California Adjusters