Citizens Insurance

Update On Citizens Insurance

Jan 10, 2018
Sue Lincoln

You remember Citizens Insurance, don’t you? So how fares the state’s property insurer of last resort?

"We’re projected to be about 39,900 policies at the end of 2018; $7.5 billion in exposure," Citizens' CEO Richard Newberry told the legislature's Joint Insurance Committee on Tuesday.

Louisiana Hometown Network

Homeowner’s insurance was a huge issue in the aftermath of Hurricanes Katrina and Rita, and a huge expense for several years to come. But what’s the situation now, ten years after?

“It is truly a more robust and competitive marketplace than it was the day before Katrina,” states Louisiana Insurance Commissioner Jim Donelon.