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Louisiana Commissioner Marks Ninth Anniversary of Katrina

On the ninth anniversary of Hurricane Katrina (August 28), Louisiana Insurance Commissioner Jim Donelon provided an update on the status of the homeowners market in Louisiana and also reminded residents as they enter the peak of hurricane season, to remain prepared and informed...
September 4, 2014

On the ninth anniversary of Hurricane Katrina (August 28), Louisiana Insurance Commissioner Jim Donelon provided an update on the status of the homeowners market in Louisiana and also reminded residents as they enter the peak of hurricane season, to remain prepared and informed.

"Following Hurricanes Katrina and Rita, we developed a combination of strategies including the Louisiana Citizens Depopulation Program to improve Louisiana's property insurance market," said Donelon. "While larger companies have downsized their exposure along the coast, we've been successful in filling that vacuum with smaller, regional and financially stable companies that I believe represent the future of coastal property insurance markets." Donelon says the state's implementation of a statewide building code in response to Hurricanes Katrina and Rita has also been instrumental in improving the property insurance market in Louisiana.

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