As Florida’s legislature begins a special session today to address the state’s property insurance crisis, thousands of Louisiana property owners are forced to find new private insurance carriers as many companies are either folding or no longer writing policies in Louisiana. Insurance Commissioner Jim Donelon says a possible solution is an incentive program, similar to the one used after Katrina and Rita, which led to new private insurance companies in Louisiana…:
CUT 10(06) “…last resort.”
United Property & Casualty just became the 10th company to exit Louisiana; forcing even more homeowners to go to the state-run insurer of last resort, Louisiana Citizens.
Davante Lewis unseated three term Public Service Commissioner Lambert Boissiere in a Saturday runoff election for the District Three Public Service Commission seat. Lewis says his first priority will be to try to reinstate a rule the PSC repealed in 2018 allowing net metering for solar power. He says net metering credits solar panel owners for the electricity they add to the grid…:
CUT 14(06) “…credit back.”
Louisiana is seeing Covid cases rise, and the worst flu season in 5 years. Michelle Southern reports now is the time to get updated on vaccines before the holidays…:
CUT 01(30) “…Southern.”
…and now today’s markets.