Louisiana
The insurance crisis is impacting the housing market in Louisiana. That raises bigger worries.
A spiraling insurance crisis has hammered Louisianans with high premiums, less coverage and fewer options, heaping intense financial pressure on residents who are already facing rising costs elsewhere.
Now, the housing market in the New Orleans area is sending distress signals, raising the prospect that the crisis could inflict broader damage on the region’s economy.
On several metrics, the local market appears to be lagging behind the rest of the country. The gulf between the median price of a house in New Orleans and one in the rest of the country has nearly doubled since 2022, from around $50,000 to almost $100,000, according to data from Zillow, a real estate tech firm that tracks housing transactions. The New Orleans area had the third-lowest rate of home appreciation among 246 metro areas in the country over the past year, according to the Federal Housing Finance Agency, with values dropping by nearly 3%, according to the agency’s index.
A recent report found Louisiana has the highest rate of mortgages that are badly underwater, meaning owners owe more than their house is now worth.
To be sure, insurance is not the only factor depressing Louisiana’s housing market. Interest rates, which affect all U.S. buyers, are at their highest point in two decades, putting affordability at a near-record low for buyers.
Locally, though, high premiums — fueled by climate change and south Louisiana’s considerable hurricane risk — are pushing home ownership out of reach for some buyers. Many homeowners say they are considering selling as their monthly payments soar. Some sellers are having difficulty finding buyers, in part because insurance companies are raising rates or refusing to write policies.
‘It’s unreal’
The cost increases are stark for buyers.
In 2020, the buyer of a median-priced home in New Orleans would pay about $1,400 a month in housing costs, assuming they put 20% down and paid an average rate for insurance from Louisiana Citizens, then about $142 a month.
A Times-Picayune | Advocate analysis shows the monthly note on that home is now far larger. With increases in home insurance, flood insurance and interest rates, the same home would cost $2,154 a month now. Where a family with a household income of $57,000 a year could comfortably afford the 2020 home, that family would need to make north of $86,000 a year now. The median household income for the metro area is $61,602, according to the Data Center.
Craig Mirambell, president of the New Orleans Metropolitan Association of Realtors, said many buyers have navigated high interest rates and are finding homes in their price range, only to have deals crater when they get a quote for property insurance.
“What they don’t know when they get into these processes is how unaffordable insurance is on a lot of these properties,” he said. “That’s when deals are falling apart because of the insurance crisis. Homes that used to be $3,000 to $4,000 (a year in premium) are now $8,000. It’s unreal, these prices.”
One of Mirambell’s clients was looking for a higher-end home in New Orleans, but insurance quotes were exponentially higher than he pays in Baton Rouge, even though they came with high storm deductibles. Mirambell, who said the buyer is considering leaving the state, said he’s seeing deals fall apart “left and right” because of insurance.
“The market is still moving,” Mirambell said. “But there’s definitely cancellations due to insurance.”
Insurance is stressing every aspect of the market, including buying, owning, selling and renting. The rates charged by Citizens, the state-backed insurer of last resort whose rolls have swollen since Hurricane Ida in 2021, have climbed by thousands of dollars per year on average. New data from Citizens this week shows little sign of improvement, with premiums rising by hundreds of dollars in the past year for most policyholders. The nearly 27,000 Citizens customers in New Orleans are paying an average of $5,445 a year.
Affordable housing groups are also struggling to help prospective buyers find homes within their budget. William Stoudt, head of Rebuilding Together New Orleans, said the group’s homeowners are being crushed by rising monthly costs; some are going without insurance. Many are looking for fortified roofs to save them money.
“We’ve heard from many that are on the brink of having to sell,” Stoudt said. “Insurance costs impact deals at all levels.”
Erica Toriello, director of homebuyer services at Peoples Housing+, an affordable housing group, said the group’s pool of potential homebuyers has shrunk, and the organization needs to find more and more subsidies to offset rising costs. Many of the group’s homeowners, often people with moderate to low incomes, are seeing monthly payments double or more.
“I had people in the pipeline who were waiting for a home…they were previously approved and now are not,” Toriello said. “I don’t foresee a time in the near future where they qualify if things don’t change.”
A lot to learn
The relationship between rising insurance costs and the housing market is murky. Kelley Pace, director of LSU’s Real Estate Research Institute, said there’s a “litany of factors” underpinning housing values. But there is evidence that south Louisiana’s market is feeling the impact.
“There’s no question insurance is a problem,” Pace said. “I don’t think there’s any scenario when you say it’s good for housing prices.”
Pace said people on Citizens are likely seeing “materially lower” appreciation in home values than people in the private insurance market. Flood insurance costs are also rising steeply, making for a “one-two punch” for homeowners and buyers.
A report last year by S&P Global found that as climate change has made insurance more expensive, buyers are being put in a precarious position with the combination of high mortgage rates and insurance costs. The report said that it’s “reasonable to think” that increasing premiums could put downward pressure on home prices.
And a working paper published last month by the National Bureau of Economic Research found areas with greater climate risk are seeing insurance prices soar more quickly. The paper, which analyzed escrow payment data, predicted rising insurance costs would eventually affect housing prices and reduce demand for at-risk properties.
Benjamin Keys, a professor at the University of Pennsylvania’s Wharton School and one of the paper’s authors, said in an interview it is “highly likely” that insurance is playing a part in the housing market’s distress, though he said he is working on more research to better understand the dynamic.
New laws take effect
Louisiana officials hope that a series of bills championed by Insurance Commissioner Tim Temple and signed by Gov. Jeff Landry will stem the rising costs. Those bills make it easier for insurance companies to drop policyholders and raise rates; Republican leaders like Temple and Landry argue the changes will invite more competition into the market. Affordable housing advocates and Democrats have panned the strategy, saying it will push more people onto Citizens, where they’ll pay higher premiums.
John Ford, a spokesperson for the Insurance Department, said real estate agents consistently tell Temple that insurance costs have become a “significant factor” in the housing market.
“The real estate market is a good example of why we need to build on the recent passage of property insurance reform and continue working to make insurance more available and affordable in Louisiana,” Ford said.
Once an afterthought when buying a house, the cost of insurance is becoming a more central consideration.
Mirambell, the broker, said clients who have been with their insurance carrier for decades fear they’ll be dropped. One client is worried about getting back into the market with an 11-year-old roof. Most insurers either won’t cover older roofs, or charge exorbitant rates to insure them because of the risk they pose.
Many sellers are opting to proactively replace their roofs, or are doing so as part of sales negotiations, to offset the buyer’s insurance hit.
Colleen Rothman, a writer living in Gentilly Terrace, moved back to Louisiana with her family in 2018 after a decade in Chicago. Last year, she returned home after the Krewe of Red Beans parade on Lundi Gras to find a notice in the mail saying her insurer, United Property & Casualty, was being liquidated.
Since then, her home insurance costs have soared from $1,600 a year to over $6,300.
Rothman said she loves living in New Orleans, near family, but that the thought of moving away has crossed her mind as living here becomes more difficult. But selling now is also daunting.
“Right now if we were to list our home and someone were to pull a quote on insuring a 6-year old roof, I’m not sure we would find a buyer,” she said.
Louisiana
Louisiana wildlife officials urge safe boating ahead of Fourth of July weekend
WOODWORTH, La. (KALB) – The Louisiana Department of Wildlife and Fisheries is reminding boaters to stay safe and never operate a vessel while impaired as the Fourth of July weekend draws crowds to the state’s lakes and rivers.
The department is participating in Operation Dry Water, a nationwide campaign focused on stopping impaired boating. Since its launch in 2009, the campaign has removed nearly 8,000 impaired operators from waterways across the country.
“Fourth of July weekend, this is a nationwide campaign that all your local, state and federal law enforcement participate in on your local waterways,” said Sgt. Jesse Davis with LDWF. “It’s just to make sure that we’re raising awareness and enforcement towards drinking alcohol and using drugs while you’re on the water.”
Wildlife officials said drinking and operating a boat can be just as dangerous as drinking and driving a car. They are encouraging anyone who plans to consume alcohol to designate a sober operator.
“At the end of the day, everybody wants to go home. Everybody wants to have a good time. It’s the Fourth of July. You can have a good time. Just get somebody to drive. Be responsible. Have somebody sober,” said Cpl. Ryan Durand with LDWF.

Officials are also recommending that boaters wear a life jacket while on the water. While adults are not required to wear one at all times, officials said a life jacket could save a life in an emergency.
“The most recent statistics on that are 87% of people that are involved in a recreational boating incident that they drown — fatality-wise — it’s 87% of those crashes involve that,” Durand said. “When you’re in a boat, you’re not always required by law to wear that personal flotation device, but it’s always a very good measure to have that on in case something happens.”
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Copyright 2026 KALB. All rights reserved.
Louisiana
A little history lesson on the Revolutionary War, and Louisiana’s role
The Fourth of July holiday usually brings to mind fireworks and hot dogs, patriotic t-shirts and hot weather.
But as American marks her 250th birthday, it can also be a time to learn something about the origins of our nation. KATC sat down with a couple of historians from South Louisiana Community College to get a history lesson: SoLAcc Humanities Chair Sarah Senette and Steven Schwamenfeld, PhD., Associate Professor of Humanities and Communication.
If you’d like to hear all their answers, scroll down; we’ve put together a video of their unedited responses to our questions.
We learned a lot. For instance – did you know that Louisiana, and in particular the Acadians, were pivotal in the course of the Revolutionary War?
“The war would not have been won without Louisiana. It’s not just the foreign aid that comes with France and Spain. That is very important. The war would not have been won without that alone, but without the participation of Louisianans specifically. I don’t think the American Revolution at least would have ended w hen it did,” says SoLAcc Humanities Chair Sarah Senette.
The French and Spanish – both of whom controlled what is now Louisiana at one time – both held bitter resentments against the British following the French and Indian War. And, the Acadians – who had just been expelled from their homes by the British in 1755 – had a personal score to settle and were ready to fight, she said.
“But you also had people like the Cajuns, I guess we to call them the Acadians then, who were exiled as a byproduct of the French and Indian War, who were living in Louisiana at that time. And they are passionate about fighting against the English. And in f act, (00;03;38;40: it’s one of the only times in Cajun history where you really see active participation from the Cajuns, in the military campaign. In fact, Galvez, the governor of Louisiana, he actually writes about them in one of his letters. And he says the Acadian men in particular, remember the past injustices of the English. So it was personal for them,” Senette says.
Another person with Louisiana ties who played a pivotal role in the war was Galvez – Bernardo de Galvez, who was colonial governor of Spanish Louisiana and Cuba, and later Viceroy of New Spain. He led the Gulf Campaign of the war – which many people have never heard of.
“This is a very heroic campaign. So they have all the Spanish ships that are out in the Gulf, and they want to do a siege against Pensacola. But it’s a little bit problematic because there’s another fort that’s more of a supply for the smaller fort , Fort George, and a little bit inland and so they can’t siege against Pensacola because it will just go on indefinitely. But they have to take Pensacola because it’s going to cut off the back entrance to, for supplies that keep the British from coming around to the western side of the American Revolution. So they must take Pensacola,” Senette says.
“Famously, Galvez says, who’s with me? And everyone’s like, nobody. No, we’re not doing it. And it’s because it’s dangerous. The British are smart. They know that this is really the only way to effectively win. So they have cannons on either side. It’s going to be very treacherous. And so famously, Galvez says, fine, I’ll do it myself. “ Yo solo ” I alone am going to, you know, lead this campaign. And actually it goes on his coat of arms later when he becomes, I think, the viceroy for all of Latin America, he is elevated into the upper aristocracy for this. But, so he takes it and he does lead the campaign i n this, you know, long, drawn out battle which ultimately determines the course of the American Revolution. So he is someone that is almost never talked about as a great military commander. But he was, and he’s quite heroic, even by his own account. So I feel like we should be very proud of. Yes, we should be very proud of his contributions. He was only about mid 30s, I think he was about 37 maybe by the time that happens. But so he was a young man doing all this,” she continues.
In recent years, more historians have begun studying this aspect of the war, she added.
“When you talk about the American Revolution, you hear about the northern front, you hear about the southern front, maybe you know the Navy, but you you don’t hear about the Gulf front. What is that? Right: Louisiana? I thought they were Spanish, but no, actually, Louisiana is deeply involved in this war,” she says.
Many Louisiana folks are familiar with Joseph Broussard dit Beausoleil, the guerrilla fighter who teamed up with indigenous people to resist the British up in Acadie. His son was a hero of the Revolutionary War; he fought under Galvez.
“It ’ s just a little slice of their of Cajun history. By the time you’re talking about the American Revolution, you have approximately 2,000, Acadians in Louisiana, and that’s men, women and children. And that would be the larger end of that number. So perhaps just a few hundred [Cajuns] are actually actively fighting in the American Revolution. So the Acadians are completely disinterested in fighting in the Civil War, right? They don’t get truly passionate about another war until World War Two. So this is a very odd moment in Cajun history, but one that when you know what the British did to the Acadians makes perfect sense,” she adds.
But it wasn’t just the Acadians who fought in the War on the side of the colonies, she adds.
“So you have Choctaw who were, you know, strong French allies, the Native Americans, you know, the French, you have the Spanish, you have the African militia, which was, which was an all African American, troop that gained its freedom under the French during something called the Natchez Revolt. They fight in the American Revolution on behalf of America, as part of the Spanish campaign. I mean, le gens de couleur libres, free men of color.
“So it it’s funny because when people think about ‘what did an American soldier look like,’ right? I mean, I’m, I’m guilty of this. I think, like, oh, it’s John Adams and he’s got a big mug of cider and you’re just ready for that. But really, you think about a lot of the important points in the Revolutionary War. They might have been speaking Spanish. They might have been speaking French. These are every different kind of phenotype. People looking completely not at all like I think what most Americans would think of when they think of the important American soldier. And there were women, by the way, that we can’t know those numbers because they’re women, obviously had to go in disguise. But there were women who were wounded in the American Revolution. And when they were defrocked, it became known that they were in fact not young boys. And there have been some estimates that it could be, you know, maybe as much as a couple hundred women possibly, that secretly fought in the American Revolution.”
We learned a lot about the political landscape and military details from Schwamenfeld. John Adams argued that there were three political factions in the colonies leading up to the war.
“America was evenly divided, between patriots, loyal active loyalists and the indifferent. In practice, probably the percentage of loyalists was somewhat lower than that. Probably not a full third of the population. Probably something more like 20% or less. The problem that the British had was that they’re not the majority anywhere. Loyalists do not form a majority of the population anywhere. So they became, in a sense, a source of weakness for the British. The British hoped that loyalists would come flocking to the colors. That the revolution was led by a sort of cabal, conspiracy of extremists. And as soon as soldiers showed up, people would come out of the woodwork, to declare their loyalty to the king and ask for the army’s protection. That really didn’t happen. Instead, the loyalist minority had to be protected. The British had to divide their own forces, to protect loyalists from the larger number of colonists who were actively engaged in revolutionary activities and support for the revolution,” Shwamenfeld said.
“Now, usually the numbers are 40%, in favor of the revolution. Actively. 40%. More or less on the fence and 20%, actively loyal. Initially, the British actually did not want to recru it loyalist soldiers because they wanted to prevent civil war. They just wanted to kind of, reestablish order, come in and do a police action. Didn’t didn’t work out that way,” he says. “They found organized patriot resistance and the Patriots in the majority. Later in the war, after France and Spain, entered an alliance, with the French entering a formal alliance with the Americans. British became desperate for manpower. They had to commit more of their troops to the defense of the home islands. And then they activel y recruited loyalists and perhaps as many as 20,000, Americans did serve in British forces. In in loyalist regiments, during the war. But again, that’s much smaller number than served in Patriot militias and in the Continental Army.”
The French and the Spanish were pivotal, he says – with the French looking for an opportunity for pay-back.
“It’s hard to overstate the significance of the French and Spanish contributions. Even before the French formally recognized the United States as independent and basically entered into alliance, the French were secretly providing the Americans with muskets, with ammunition, and even with cannon, which had the emblem of the French monarchy scratched off,” Shwamenfeld says. “A very high proportion of American colonies did own firearms, probably a higher proportion among the population than anywhere else on Earth. But those were all manufactured in England, and in Europe. So the Americans were very short of weapons. And they began to come from both France and Spain, before any official recognition. Of course, the American uprising was a great opportunity for France and Spain, especially France, to get just plain old revenge on Great Britain. For the events of the previous war, Seven Years War with the Americans called the French and Indian War, in which the French were essentially driven from the North American continent. Now they had an opportunity to stir up some serious trouble, within Britain’s own empire.”
The French and the Spanish got their revenge, eventually.
“The American Revolution would have gone on much longer. Much, much longer if France and Spain had not actively supplied the rebels. The 13 colonies were very large. British Navy was the largest in the world, so they could always blockade successfully the American coastline. But the British Army was by no means the largest in the world, which is why they ultimately had to recruit loyalists and more.
The war’s hero, George Washington, had a strategy most don’t realize.
“Despite multiple defeats, Washington preserved his army in most general engagements. He certainly never wanted a decisive victory until the very end. It’s only the final campaign of the war that Washington actually chooses full strategic goal, destroys a British army in the field, causes its surrender. Until that point, he basically just kept the army going,” Schwamenfeld said.
In addition to being a military commander, he had to be capable of political maneuvers as well.
“He fully understood the precariousness, of his position. That there were officers in his army who were actually plotting against him to take control, to actually take control of the Army, to convince Congress to remove him from command. This did not spur him to take unnecessary risks, to try to gain spectacular victories in the field that might actually end up with the army being exposed. So he showed tremendous self – control. It was, in many ways, his greatest characteristic. He was able to curb his own desire t o try to gain, glory in a single tactical engagement, and instead pursue this consistent strategy of of caution and maintaining the army, intact,” Schwamenfeld says.
Some facts about Washington’s army probably aren’t palpable to some. He wanted a long-term, professional, trained militia.
“It should be said that Washington kept corporal punishment in the Continental Army, to help maintain those European standards. He did. It’s not something that we necessarily want to talk about, but it was. The American soldiers were flogged during the Revolutionary War. In the regular army. It should also be said that the Continental Army was the only American army to be integrated. And this was true of the regular regiments rather than the militia regiments. Washington was looking for soldiers to fill up his army and maintain and stick with it, for months and years at a time. And so African Americans served side by side with white soldiers in the Continental Army. Something that would end pretty much with the Revolutionary War and would not be seen again until the Korean War,” Schwamenfeld says.
Here’s the video:
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Louisiana
Louisiana State Police introduce two new K-9 officers
BATON ROUGE, La. (KNOE) – Louisiana State Police introduced two new k-9 officers Wednesday.
K-9 Billy and K-9 Rossy, German shorthair pointers specially trained in explosives detection, will serve LSP in the Capitol detail, LSP said in a Facebook post.
DPS Corporal Harold Conner and DPS Senior Officer Adrienne Colson will be their handlers. Both recently earned their national police K-9 certifications after completing weeks of intensive training, LSP said.
The teams will support security operations during special events, dignitary visits, sporting events and other high-profile events across the Capitol Complex, LSP said.
Copyright 2026 KNOE. All rights reserved.
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