Louisiana
As Louisiana Insurance Rates Rise, A Key Statewide Race Heats Up
Louisiana Commissioner of Insurance coverage Jim Donelon hasn’t introduced if he’s operating for re-election in 2023, but when he does, he’ll be dealing with a well-recognized opponent.
Tim Temple, who spent $2 million of his personal cash in 2019 and received almost 47 p.c of the vote, introduced Monday that he could be operating for the job once more in 2023. He was Donelon’s solely opponent in 2019.
Citing rising insurance coverage charges throughout the state, together with a 63 p.c house owner’s insurance coverage price enhance Donelon himself signed, Temple cites the necessity for brand spanking new management within the workplace.
“Over the past 17 years,” Temple stated in his announcement, “Louisiana auto charges have soared to the costliest within the nation, whereas lately we’ve seen an explosion of house owner price will increase and an enlargement of attorneys promising fast declare settlements and loosely regulated public adjusters.”
“Simply final week, the present commissioner authorized a 63% house owner’s insurance coverage price enhance,” Temple added. “Persevering with to recycle previous plans ignores the precise issues and shortcomings altogether, and these points are too critical to disregard. Greater than ever Louisiana wants an insurance coverage commissioner with expertise within the insurance coverage trade, that shall be trustworthy, clear, accountable, and put the folks of this state forward of insurance coverage firms.”
attachment-Jim Donelon Louisiana Insurance coverage Commissioner
As Greg Hillburn notes with the USA Immediately Community, Donelon did signal the speed enhance, however he did not have a lot of a alternative within the matter.
By regulation, Residents’ costs have to be 10% above the very best market price in every parish or the actuarial price, whichever is greater. Residents gives insurance coverage to owners who cannot safe safety within the personal market.
Throughout the 2023 marketing campaign, Temple stated that Donelon was “asleep on the wheel” on state insurance coverage points.
Donelon first assumed the position of Insurance coverage Commissioner in February of 2006. Previous to that, he served as deputy commissioner of the Louisiana Division of Insurance coverage by then-Insurance coverage Commissioner J. Robert Wooley.
The High Information Tales For The Week Of October 10
The highest information tales at KPEL for the final week.
Armed Robberies Throughout Acadiana in 2022
Armed robberies – as they change into extra prevalent in a neighborhood – steal peace from the residents who reside there. These crimes might begin out as a thief making an attempt to steal from the sufferer however many occasions that thief turns right into a assassin when that weapon is definitely used.
Let’s check out headline-catching instances involving armed theft in 2022.
NEW ORLEANS (WGNO) — On Friday, Jan. 10, Louisiana is remembering Billy DiMaio, a victim of the Jan. 1 Bourbon Street attack.
Louisiana Gov. Jeff Landry declared a period of mourning, ordering that all flags over state buildings be flown at half-staff.
On Friday, the state is remembering DiMaio, who was from New Jersey and a New York-based account executive for a radio station company.
At a Sunday news conference, Landry said he is remembered as a star student and a lacrosse player who had “an unwavering work ethic and positive attitude and kindness.”
Louisiana State Superintendent Cade Brumley also asked school systems to consider a moment of silence at 9 a.m. during the period of mourning.
The New Orleans Police Department and the Archdiocese of New Orleans will ring the bells of St. Louis Cathedral every day through Jan. 23, between 12:30 p.m. and 1 p.m. to honor and remember the lives lost and those affected by the terror attack.
Stay up to date with the latest news, weather and sports by downloading the WGNO app on the Apple or Google Play stores and by subscribing to the WGNO newsletter.
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Louisiana
Lower fees coming to homeowner insurance in Louisiana but premiums still high • Louisiana Illuminator
Homeowners in Louisiana will see a small discount on the fees they pay on top of their property insurance premiums this year.
The Louisiana Citizens Property Insurance Corp. Board of Directors voted Thursday to bring an early end to a 1.36% assessment added to all residential and commercial property insurance policies in the state. Louisiana Citizens is the state-run insurer of last resort for homeowners in environmentally risky areas who cannot find coverage on the private market.
The assessment, which goes toward paying off bonds for debt that Louisiana Citizens incurred from paying claims from hurricanes Katrina and Rita, was originally set to expire in June 2026 but will now end this April.
Gov. Landry signs Temple-backed insurance package
Additionally, those insured through Louisiana Citizens will no longer have to pay a 10% surcharge when they begin a new policy or renew their existing policy this year. The waiver, part of newly enacted legislation, took effect on Jan. 1 and will last for the next three years.
Both changes are part of Insurance Commissioner Tim Temple’s efforts to tame skyrocketing insurance rates in Louisiana.
“When Commissioner Temple took office and became chair of the Citizens Board of Directors, he encouraged our staff to find innovative ways for Louisiana Citizens to operate more efficiently and find savings for policyholders,” Louisiana Citizens CEO Richard Newberry said in a press release. “Our team identified this opportunity and brought it to the board for approval at today’s meeting.”
Although most policyholders will see relatively small savings from the changes, Temple said every little bit helps.
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Louisiana
Centenary College of Louisiana kicked off its year-long bicentennial celebration Wednesday
On a bright and chilly winter day, Centenary College of Louisiana kicked off its bicentennial year with a birthday celebration including a proclamation from the City of Shreveport and music by Centenary choir.
It was a grand start to the bicentennial year. Centenary College of Louisiana president, Dr. Christopher L. Holoman said, “we are really excited to be looking back at 200 years, an amazing history. We are so proud of that, but we are even prouder of what we are going to be in the future.”
Centenary College of Louisiana is a national liberal arts college in the heart of Shreveport. This college is deemed the oldest chartered liberal arts college west of the Mississippi River, founded in 1825.
Holoman said, “200 years is an amazing length of time…Centenary is older than time zones. Centenary is older than golden doodles.”
City of Shreveport mayor, Tom Arceneaux read the citywide proclamation and said, “I am thrilled to be here for more than one reason. One, I’m really glad that Centenary is 200 years old. And two I’m glad to be here 12 days after hip replacement surgery.”
Wednesday’s birthday party is just the start of year-long celebration of special events and gatherings. These events include:
- special exhibit at the College’s Meadows Museum of Art
- festive neighborhood party during the Krewe of Highland Mardi Gras parade
- alumni trip to Centenary’s original campus in Jackson, Louisiana
- campus art stroll showcasing the talents of the Centenary community
The bicentennial commemoration will conclude with a gala event, Spotlight Centenary, in December 2025.
To keep up with all the bicentennial year events visit centenary200.com.
Makenzie Boucher is a reporter with the Shreveport Times. Contact her at mboucher@gannett.com.
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