"Disturbing" Property Claims Tactics Surging In Louisiana
Friday, August 19th, 2022 Litigation PropertyMarket watchers and participants have noticed an uptick in new legal entrants and public adjusters entering Louisiana as firms look to grab a slice of the claims pie - and some are using ‘concerning’ tactics, industry insiders have warned.
The beleaguered state is contending with an exodus of property capacity -- insurance agents have been involved in the scramble to rehome approaching 100,0000 policies following insurer exits and failures -- after two years in a row of hurricane hits from Laura, Delta, Zeta, and Ida.
Property insurance costs have risen sharply in Louisiana, with homeowners already paying an average of $2,009 a year, or 45% above the national average, according to Bankrate.
External References & Further Reading
https://www.insurancebusinessmag.com/us/news/catastrophe/disturbing-property-claims-tactics-surging-in-louisiana-417488.aspx
