Rebuilding homeowners should get protection - KPLC 7 News, Lake Charles, Louisiana

Rebuilding homeowners should get protection

March 31, 2006

Reported by: The Associated Press

Louisiana insurance regulators should prevent homeowner insurance companies from raising rates and canceling policies so residents hit by Hurricanes Katrina and Rita have coverage while they rebuild.

That's according to Bob Hunter, a former Texas insurance commission and now head of insurance for the Consumer Federation of America. Hunter says that a moratorium on cancellations and rate hikes in Louisiana should have run for at least year, instead of expiring at the end of 2005. Hunter says it will be difficult for Louisiana residents to rebuild if they can't afford or get insurance coverage.

But acting Insurance Commissioner Jim Donelon says that idea is unrealistic. Donelon says Louisiana left its insurance moratorium in place longer than Florida did after the disastrous 2004 hurricane season _ and longer than Florida and Mississippi did in 2005, Donelon said.

Under a rule now in effect, insurance companies cannot cancel policyholders in Louisiana while they're repairing their homes, but can raise rates through the normal rate-setting process.

  • More Local NewsNewsMore>>

  • SLIDESHOW: Celebrate National Love Your Pet Day with the cutest pet photos ever

    SLIDESHOW: Celebrate National Love Your Pet Day with the cutest pet photos ever

    Tuesday, February 20 2018 12:19 PM EST2018-02-20 17:19:05 GMT
    (Source Demi O'Neal)(Source Demi O'Neal)

    February 20 is National Love Your Pet Day. This is a day to hug your furry friend a little tighter. Pet-lovers everywhere can take this day to give your best friend extra attention and pampering...as if you don't already do that enough. It's a great day to really focus on your relationship with your pet and celebrate by letting the whole world know how much you love them. Here are some ways to celebrate: buy your pet a special treat, take them somewhere to spend quality time for lon...

    More >>

    February 20 is National Love Your Pet Day. This is a day to hug your furry friend a little tighter. Pet-lovers everywhere can take this day to give your best friend extra attention and pampering...as if you don't already do that enough. It's a great day to really focus on your relationship with your pet and celebrate by letting the whole world know how much you love them. Here are some ways to celebrate: buy your pet a special treat, take them somewhere to spend quality time for lon...

    More >>
  • Launch of Industry Works by SWLA Economic Development Alliance

    Launch of Industry Works by SWLA Economic Development Alliance

    Tuesday, February 20 2018 11:27 AM EST2018-02-20 16:27:04 GMT
    The Southwest Louisiana Economic Development Alliance has announced the next phase of their Ready, Set, Work workforce initiative called Industry Works. (Source: Industry Works)The Southwest Louisiana Economic Development Alliance has announced the next phase of their Ready, Set, Work workforce initiative called Industry Works. (Source: Industry Works)

    The Southwest Louisiana Economic Development Alliance has announced the next phase of their Ready, Set, Work workforce initiative called Industry Works.

    More >>

    The Southwest Louisiana Economic Development Alliance has announced the next phase of their Ready, Set, Work workforce initiative called Industry Works.

    More >>
  • Police Chief: Reports of gun on Welsh campus untrue

    Police Chief: Reports of gun on Welsh campus untrue

    Tuesday, February 20 2018 11:20 AM EST2018-02-20 16:20:08 GMT
    (Source: Pablo)(Source: Pablo)
    Reports of a gun on Welsh High School's campus are not true, town officials said. Welsh Police Chief Marcus Crochet said his office investigated and found no gun on campus. Copyright 2018 KPLC. All rights reserved.More >>
    Reports of a gun on Welsh High School's campus are not true, town officials said. Welsh Police Chief Marcus Crochet said his office investigated and found no gun on campus. Copyright 2018 KPLC. All rights reserved.More >>
Powered by Frankly