Tag: Louisiana insurance

Unemployment insurance claims increase in Louisiana

Julie Campbell
unemployment insurance

The state’s weekly filings for first time claimants are now on the rise. According to a recent report on the figures regarding the first time claims for unemployment insurance in Louisiana, during the week that ended on June 7, the state experienced a weekly filing increase that was quite significant. Though the previous week’s total had been 2,976, the most recent figures rose to 3,292. That is a massive increase to experience from one week to the next, but the state labor department expressed that those unemployment insurance figures were…

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Health plan reserves for Louisiana state employees shrinks

H. Cutner
insurance rates rise

The Jindal administration is blaming the higher cost of claims and declining premiums. It was only slightly more than two years ago that there had been about a $500 million in the health plan reserves for the state employee program in Louisiana, but that has changed considerably over that short period of time. The balance within the insurance fund has now dwindled to an amount that is about half that size. This reserve balance for the health plans is meant to help to cover the medical claims that are made…

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Auto insurance rates are headed up due to claims and litigation

G. Turner
Louisiana Auto Insurance rates

The drivers in Louisiana are familiar with rising premiums, and now they are given another reason why. An auto insurance rates study has added some confirmation for residents in Louisiana who have been wondering why their premiums have been steadily rising and are now continuing to do so. The study didn’t necessarily discover anything new but it did prove what had previously been believed. What it found was that in a state where the auto insurance premiums are recognized as among the highest in the country – particularly in Baton…

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Louisiana homeowners insurance rates at Citizens are headed up

G. Turner
Citizens Insurance Louisiana homeowners insurance property

The insurer of last resort is now increasing the amount that policyholders must pay for coverage. Throughout the state, Louisiana homeowners insurance customers who have their coverage through Citizens are discovering that their rates are headed up yet again, regardless of whether they are covered for their homes or for wind-only policies. Other forms of coverage affected by the change include mobile home, renters, and condo policies. The average increase across all of these forms of Louisiana homeowners insurance and other affected forms of coverage is 5.2 percent. Following a…

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Louisiana workers compensation to lower its rates

G. Turner
Insurance Commissioner Jim Donelon - Insurance News

This form of insurance is set to decrease by 5 percent within 2014, which will certainly be welcome. Jim Donelon, the state commissioner has now announced that Louisiana workers compensation rates will be decreasing as of May 1, 2014, by an average of 5.1 percent. The decrease was approved by the commissioner following a recommendation by the NCCI. He gave the nod to the reduced Louisiana workers compensation rates after the National Council on Compensation Insurance made its recommendation for a 5 percent reduction as a result of notably improved…

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Flood insurance rates battle now includes another state

H. Cutner
flood homeowners insurance rates

Mississippi has been trying to combat the federal plans to boost the price of coverage. The intentions to increase federal flood insurance rates is currently being challenged by Mississippi, and that state is far from being alone as Louisiana, its neighbor, has now joined the others in this legal action to try to keep the cost at an affordable level. The original lawsuit was filed by Mississippi in an attempt to stop increases at the start of October. The National Flood Insurance Program (NFIP) had announced that premiums for most…

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Health insurance exchange considered too complex in Louisiana

S.Vagus
online health insurance technology exchange

Commissioner Donelon criticized state’s health insurance exchange Health insurance exchanges throughout the U.S. will begin open enrollment next week, but that does not mean that the controversy surrounding these exchanges will be put to rest, at least not in Louisiana. The state’s Insurance Commissioner, Jim Donelon, claims that consumers will not be able to access enough information to make adequate decisions concerning their health insurance coverage. The Commissioner suggests that the exchanges are designed to be too complex, which could create extreme confusion among those looking to purchase coverage from…

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