Louisiana Insurance

Progressive Insurance

More than 45000 breakdowns occur in metropolitan New Orleans each year - which represents more than 865 accidents per week and 120 per day. The Progressive Group of Insurance Companies is a concierge level of service requirements of new facilities Metairie.

Progressive, the third automobile insurance group in the state and country, insurance sold by independent insurance agents and brokers and direct over the Internet and by telephone. This optional service is available free to clients and progressive someone with a requirement of their clients.

How Claims Service Center works:

Call. The customer asks to gradually make the claim of each hour of the day or night, and if she chose to use the concierge service, the time an appointment plans for the vehicle specifically for customer service.

Drop-off and voila. In about 15 minutes, the customer may in its own way, in a car to know that the progressive integration of maintaining or the request of the state of all the repair process.

A representative of receivables progressive preparing a repair estimate and contacts of a car wholesale work on the basis of their record in providing quality service and quality of repair, as well as their ability to begin work without delay. Both progressive and the shop reach agreement on the costs of repairs, the shop, then transported by the vehicle meets the needs of its core investment and repair work.

If the work is completed, the new vehicle in the progressive installation, where representatives of both heavy progressive and inspect the quality of repairs.

Pickup - and it is guaranteed. Once satisfied with the quality of repair, Progressive invites clients and ask him or she is back in the middle, where, with representatives of customer receivables examine the repairs.

The customer then a letter of guarantee for repairs, which both progressive and structural work, as the customer is the owner or lessee of the vehicle.

Progressive has more than 300 people, progressive and 10 claims offices in Louisiana.

ERF Wireless

ERF Wireless, a provider of enterprise-class wireless and broadband products and services, today announced that its subsidiary Network Services (ENS), in its second ten-year multi-million dollar Winet system agreement this month, a bank in Louisiana. This new contract with the bank Iberville Plaquemine, Louisiana, using the bank on bandwidth and wireless infrastructure for the provision of wireless Internet service Products (WISP) to the Bank of Commerce and private clients in the Greater Baton Rouge. The system Winet agreement is in addition to the Iberville Bank BranchNet contract signed and announced during the years 2005 and the USA Bank Iberville BankNet contract on July 12, 2007. ERF Wireless plans for the operation and support of their product offerings Winet by consolidating its wireless services (PSP) a subsidiary of the company and believes Winet their operations with the Bank Iberville, on 1 September 2007. The contract is likely to be more than $ 6 million in recurring revenues over the next ten years, two years after a period of Ramp-up. The bank receives 10% of gross income subscriber as part of the agreement.

LA income growth

Based on figures U.S. Commerce Department, LA, the highest growth in income per capita in the USA during the year 2006. This increase is directly by wage increases following hurricanes Katrina and Rita and the loss of 200000 inhabitants, many of declining income sufficient. Ironically, many employers of Louisiana can not find personnel on the lack of training of the workforce and the demand for recruitment.

New Fire Marshall
Governor Kathleen Babineaux Blanco announced today, Alexandria Fire Department Chief Paul Smith is regarded as the State Fire Marshal, beginning 16 April 2007.

“With more than three decades, the experience of firefighters, Paul Smith assumes the responsibility of Fire Marshal in a critical period for our country,” said Governor Blanco. “It will enable the implementation of national construction of our lives to protect our property and natural disasters. I look forward to working with Paul, as we continue to make Louisiana a safer place for all our citizens. ”

Smith’s career firefighters in 1975 began as a fireman in Alexandria with firefighters (AFD). He served as captain from 1985 until his promotion to the rank of Fire Chief in 1986. Under his leadership, Alexandria has its bull-class 2 after the Louisiana Rating Association things.

How Fire Marshal, Smith as director of the mission is to protect lives and property against the risk of fire or explosion, to ensure citizens’ safety in the built environment to promote equality of access for people with disabilities and to promote the rational use of energy for commercial buildings

State Hurricane Catastrophe Fund

The Louisiana Recovery Authority (LRA) today released an independent analysis of changes in structural opportunities, the cost and impact of the disaster of Hurricane, a fund of the post-2005 in Louisiana insurance market. The report was designed as a tool for policy makers to make decisions on whether and how the management of the Fund through the provision of mathematical skills for the fund, funding sources and options, and evaluation of advantages and structural limits of several optional components of the Fund.

The report evaluates the pros and cons of a number of factors design and take into account:
– The maximum duration of the financial capacity of a support fund
– The size and the likelihood of damage caused by Hurricane to the State
– The costs (ie the annual premium and potential votes) Fund
– The path to equitable distribution of costs of the Fund to insurance and citizens of the State

“Never before have we seen an independent assessment of whether a disaster fund for the LA,” said board member Sean Reilly LRA. “That is why we are proud of this comprehensive and detailed analysis to help resolve uncertainties. Today is the beginning of a major public debate on the LA on behalf of all policyholders. Given the climate of insurance, we are in discussion with Post-Katrina and Rita in Louisiana, we owe ourselves to consider every option at our disposal to ensure we are better prepared for future disasters.

The study focused on the Fund disasters of various types of devices covered, including residential and industrial areas, and the effect of rising costs of reconstruction after disasters. The study also examines whether the funds would be taken in response to the industry level of primary production losses. Finally, the report analyses the nature of the insurance lines eligible for evaluating the state liaison support capacity, in case more losses than the Trust Fund to provide start-up capital in the Fund is the creation and modelling assumptions the accounting loss calculation of premiums.

The above factors are possibilities of customization available to politicians, to determine a common capacity, costs and benefits of a disaster fund.

To serve as a basis for evaluating these options is the study of information on a Case scenario for fund $ 1.25 billion ability of the structure of a few assumptions:
– The fund includes residential and industrial areas, residential property national
– The plan takes effect, after the first $ 1.25 billion in the primary education sector losses
– The layer of reinsurance covers 90% of losses
– The State provides an initial contribution of $ 100 million
– Post-Storm evaluations, if necessary, on the national branches: fire, allied lines, several owners of risk, and several commercial risks (disclaimer)

The analysis of eleven other scenarios evaluated using criteria listed above for calculating the effects of a multitude of opportunities for development on important factors, such as funds and the likelihood that the Fund is open. The models to explore the possibility that losses over cash reserves in the Fund, triggering the need for government borrowings to support predisposition to insurance.

Funds for the Fund of the disaster could be generated by several possible sources of funding:
– An initial capital contribution of the state budget, plus additional annual contributions, if in the fund;
– The first annual premiums of insurers have taken care of by the Fund
– Income from investments of cash generated by the reserve fund
– Post-event care borrowings roles in many lines of National Insurance

The study, financed by private funds encouraged by the LRA Support Foundation is a disaster of updated 2003 funds Paragon analysis of the Louisiana Department of Insurance. The new edition has been prepared on the basis of the impact of very active in 2004 and 2005 hurricane seasons.

Paragon, headquartered in Minneapolis, MN, was isolated and variations suppliers of reference services and administrator since the inception of the Florida Hurricane Catastrophe Fund.

Shaw Group

The Shaw Group Inc. announced today that it will immediately inform the report of its second quarter until the conclusion of an independent review of cost estimates for a golf course the USA coast EPC petrochemical project , Which has an approximate value of about $ 39 million.

Highway1

U.S. Rep. Charlie Melancon members have joined the coalition LA 1, Louisiana Department of Transportation and Development, and others for a breaking ceremony at Fourchon for the next phase of Louisiana Highway 1 improvement project: increasing the streets of Port Fourchon Leeville.

“1 is a determinant of life after working Louisiana’s coast,” deliveries, a large portion of energy, our nation moving, “said Rep. Melancon.” More importantly, 1 is the only route d ‘hurricane evacuation for tens of thousands of residents of the coast, tourists and workers offshore. 1 In case of floods, as happens more and more often, because the road well, because the coastal erosion, these people are left stranded with no way sensitive to flee the storm. I am proud to play a role in this project. I will continue to work with Congress for additional federal funds we need for the 1 — The draft. ”

Entergy

Entergy Louisiana, LLC, an affiliate of Entergy Corporation (NYSE: ETR) today announced its intention to Repower of 530 megawatts in his unit field of young gypsies in Montz, Louisiana. The estimates of $ 1.02 billion aircraft use circulating fluidized bed technology developed under the Department of Energy’s Clean Coal Technology programme and use of petroleum coke, a byproduct of petroleum refining, as his main fuel.

The unit, awaits you online over the period 2011 to 2012 executives, the company is less to leave the natural gas as fuel for its production plants. Natural gas prices have dramatically over the past three years, and many experts believe that prices are little on the low 1990’s.

“At the current price of natural gas, this project is of great advantages for customers, with potential customers to store all the 4 billion dollars over 30 years,” said Renae Conley, President and CEO, Entergy Louisiana, LLC and Entergy LA golf States. “Going out with animals or coke coal is much cheaper than electricity from natural gas, and this project is an important step in our efforts to reduce our dependence on natural gas.”

So where all human beings, if results of a hurricane this season? This issue has not yet decided, and it could be fateful thousands of people across the country. For now, the legal details, not operational, we have still two months away from the next storm season.

Damage to property of citizens of Louisiana
Louisiana citizens Corp. things, strengthening the role of Bostick Crawford Consulting Group, a leasing company to resolve the financial accounting and software broke the rule violates the insurance industry.

LWCC

After LWCC, LWCC insurance Goodwill Industries of Southeastern Louisiana, workers’ comp loss ratio of 232% to 14% over a period of seven years by the implementation and enforcement of certain vital safety. This dramatic cost control was amended by the working team of various specialists Goodwill, including the management team and staff, goodwill Insurance Agency, and LWCC team of professionals also account for loss prevention, management claims and occupational medicine.

For better protection for businesses in the insurance industry marine protection gaps, The Travelers Companies Inc. announced today Bumbershoot PlusSM, a strengthening of political responsibility, which acts as a screen on both marine and Non-Marine underlying shares. In contrast, a typical download Umbrella to exclude marine risks.

Travelers Insurance

A new product of Travelers Insurance, Bumbershoot PlusSM, replaces the standard features of compensation “to pay on behalf of insurance cover for liabilities. For an increase in the cash flow is an insurance coverage should not be fully support a debt before submitting a request to their insurance company.

Some of the most important extensions of Bumbershoot PlusSM include:

Automatic form below “the coverage provided additional to add to the calendar of underlying policies;

Expanded covers property damage, liability “loss of employment,” if the institution is physically injured, and

Expanded personal injury and advertising coverage also applies in the absence of basic coverage.

South Tech
2007 South Tech offers the latest technologies in the economy solutions. There are only 4 cabins left and only 50 seats for the left-noon.

South incredible technology offers more than 25 seminars this year! With presentations from companies such as Canon USA, Motorola, Microsoft, Cisco and Nortel, you can be sure to find something, it is appropriate for you or your company. South Tech invites businessmen, technology companies, technology and workers to participate in the annual conference in Lafayette, LA on May 7-9, 2007.

Falstaff
The Falstaff brewery in New Orleans is now on the path of an apartment complex. For years, the building was empty, except for architects, surveyors and developers when considering their unique shape and character.

Film LA

A film with Meetup will be held on Tuesday 1st special guest SHERRY May with McConnell, director of the department for the economic development of the entertainment industry to exercise, talk about problems facing the film industry to the table bread restaurant in Baton Rouge at 7:00 pm

The Insurance & Risk Management Society’s Annual Conference & Exhibition is scheduled for 29 April-3. From May to Ernest N. Morial Convention Center, New Orleans.

WTC-Event

On Wednesday, May 2, the World Trade Center and other organizations, a lunch sponsor program in the WTC’s Club Plimsoll honour Dr Joseph Ganitsky with the WTC’s President’s Award for the period 2005-2006. Dr. Ganitsky served as Professor of International Business at Loyola University from 1991 to 2006.

The President received the award member of the WTC, has achieved international distinction unique to the cause of peacekeeping, trade and understanding. Back recipient of the award of Justice Revius Ortique AMB. Lindy Boggs AMB. Donald Ensenat, and James J. Coleman, Sr.

Dr. Joseph Ganitsky served as professor and chairman of the International Business area of Loyola University New Orleans’ College of Business Administration from 1991 to 2006. He was also director of Loyola’s International Business Center from 1993 to 2006 and supports training courses and exchange programmes for students, as well as the fulfilment of international affairs applied research projects. He was the coordinator of Loyola’s International Business Advisory Board from 1993 to 2006, with nearly 50 members of the forces supports the program with ideas, internships and work. Four donors have two chairs Loyola International Business (Gaston and Reynolds) and two chairs in entrepreneurship GI (JPMorgan Chase). Meanwhile, Dr. Ganitsky served on the WTC’s International Business Committee, the export of the Louisiana District Business Council and other organizations. During his time at Loyola, Dr. Ganitsky manages six major projects grant a total of over $ 3 million.

Louisiana Technology

CIO Roundtable meeting GIS allow Top-Level-IT execs IOC and the opportunity to interact with a very small group of member organizations, while the LTC about solutions that will have a positive impact on your company and the current infrastructure.

The next IOC Round Table lunch Thursday 26 April at 11.45 am. Sponsored by Verizon Wireless, it will focus on communication, including broadband and wireless solutions, the current state of these infrastructures in the south-east of Louisiana, the federal system and how does it work on your business. CIO Roundtable each meeting ends with a discussion open to interaction with peers and learn from successes and failures of each of their experiences with similar projects. For more information, please contact the Louisiana Technology Council.

PASCAGOULA, Miss - One year after Hurricane Katrina flattened their ranch-style house here in masonry Washington Avenue, Tina Lee received $ 2500 of its owner’s policy for housing expenses.

Your house four bedrooms, a block from the beach, suffered nearly $ 300000 damage, but their insurer said the property has been destroyed by flooding, not wind. The distinction is important: a standard owner’s policy pays for damage of the hurricane winds and rain, but it does not cover floods.

“They say that the point of (my neighbor’s) floating on the house and landed here in my house,” says Lee, 44, live in a room with an RV. But: “We had over 100 mph wind before the water even here.

Your neighbors - whose house he crushed bits - just happen to Richard Scruggs, Mississippi lawyer, has in the tobacco industry and asbestos. Much of his house, with that of his brother, Senator Trent Lott, was reduced to ashes and debris after Katrina. For months, has been championing Lee Scruggs’s Fall, and thousands of other homeowners Gulf Coast in action against the insurer.

In this storm vernarbter-region, thousands of homeowners are still waiting for payments for damage. Thousands more are dispute insurance payments for damage caused by the hurricane. Many of these cases - winding their way through state and federal courts - are likely to take years before deciding to delay the reconstruction of houses and thus contribute to a higher rate of separation.

How do these bitter disputes ausschütteln is also a big influence, that insurers will continue to provide policy owners along the bay, and at what price. Already some of the biggest insurers, including State Farm and Allstate, have pulled back on the house reporting.

The insurance dispute is the second disaster to take LA, “says Madro band Aries, a lawyer representing the owners in a class action against LA appeal the insurer of last resort, the high cost of politics, it is not politics by the way. One year after the storm: “We have thousands of people who are still in respect of a fine or a value at all.”

Insurance companies have paid nearly $ 15.5 billion for damage caused by Katrina in the houses, but billions of dollars over the USA are involved in these complaints.

Robert Hartwig, chief economist at the Insurance Information Institute (III), a research group funded by insurers, said that “regardless of these defects process lawyers argue that prices gross misrepresentation of the truth. We have hundreds of thousands of applications quickly and steadily. ”

Some homeowners have no assurance that payments by the Confederation receive aid, tap pension funds or take credit for reconstruction. Many others remain in FEMA trailers or with friends living in insurance money, because: “There is simply no money in a lockbox for these people,” said Patrick Buckley of the Center for Justice and Democracy, a consumer Advocacy Group.

Lee has a $ 250000, 30 years, Small Business Administration loans for the construction of one to three bedrooms, 1935 square feet to the old village house. It is smaller and several meters higher than the original.

Lee hopes that the RV, she and her husband are now and in the new home of Christmas. But it does not expect that their battle with their insurance company soon to its end: “I plan to fight against all the way to the Supreme Court.”

More go to Tours

Last week, the insurer won the first round of legal battles, a federal judge said the couple in Mississippi has not been covered for most of Katrina damage in their homeland. About your region (NFS) policy clearly exclude flooding, the hurricane has caused tidal waves in the Gulf region, that the house destroyed, judges LT Jr. Senter decided.

Floods, or water seeping through the floor of the house, is a national policy on flood Insurance Program. But Scruggs, if successful German argued that the tidal waves in relation to hurricanes, it should be paid to the owner of the policy.

Senter Richter’s Denial-of-this statement reverberating throughout the country because he is chairman of Katrina on hundreds of insurance disputes in Mississippi. It could also influence the actions in LA, because most insurers owners of the same policy at the national average, said John Ellison, a manager at Anderson Kill & Olick law firm that has continued insurers of the LA behalf of homeowners.

Legislators state of Louisiana have Insurance Rating Commission, in its cross that the legislature seeks to explore opportunities in line with the rising cost of insurance.

Two bills aimed at making it easier for insurance companies to do business in the state of circumvention of the Louisiana Insurance Rating Commission, under certain circumstances. Companies must consent in writing LIRC Baton Rouge to a revision of rates, they are reluctant to do business, “said Rep. Jim Tucker, R-Terry Town.

This week, Tucker’s House Bill 430 is still before the Committee assurance house. Senate Bill 721, under the auspices of Senator John J. Hainkel Jr., R-Baton Rouge, has called for similar legislation.

“LA is the most regulated in the state of the nation and the company has created this market,” said Tucker.

Ed retired policemen and Nancy McCue think in Florida leave their dream home near the shores of Biscayne Bay because it is a favorite place for hurricanes.

This is not the storm threat, pressure itself, but rising insurance costs - $ 1000 per year for an owner and another $ 2100 to cover the storm, a law that has tripled over the past five years.

“I really worked hard to rebuild this community,” said Nancy McCue of the house of $ 150000, she and her husband rebuilt after the devastation of Hurricane Andrew in 1992. “But what is l ‘One factor that pushes people. ”

Owner increasingly to pay insurance premiums to be higher as more people flocked to the coasts and insurers try, cutting back on the billions of dollars in losses, they have absorbed from previous storms. Many people in high-risk areas, as the McCues, purchase or separated hurricane storm up on the assurances of their owners regularly.

Florida’s price homeowners insurance have increased by over 150 percent since the 165-mph Andrew, which caused $ 31 billion in damage and, as the natural disaster the most expensive in U.S. history Unis. Texas’ average premiums are up 75 percent and Louisiana’s have since nearly 50 percent, according to government estimates.

Sharon Ryan, Jamaica, the beach, Texas, pays about $ 6000 per year for insurance on two houses on stilts Galveston Island over one kilometre Gulf of Mexico.

“It is beyond your understanding, the cost of insurance here,” said Ryan. “It is funny, because people come here and retire, and you think you have a specific job only pay insurance and taxes.”

On North Carolina’s Outer Banks, Dahl Clark has observed about a dozen houses in the vicinity of the beach crushed inside of the storm in recent years.

During the last year, Hurricane Isabel, he had the chance. Its 2,300-square-foot Kitty Hawk home has increased enough to avoid, always off. But he lost a ground-floor refrigerator and a kettle - the damage it does not itself report to be feared, it would lead to a further increase in its annual report for 2000 $ insurance.

“It is much more than a shot during the four or five years,” said Clark. “I think insurance is a major problem, particularly for retirees, people here, and there are lots of them.”

Assekuranz officials say increased contributions are needed to enable insurers belly, when a storm destructive results.

Bob Hartwig, chief economist for the insurance industry Institute of Public Information, said demanding computer forecasts and practices of insurance companies to buy insurance to protect the industry better prepared. But he said a major hurricane, even smaller insurers bankruptcy.

Florida accounted for about half of all losses caused by hurricane insurance in the 20 century, the highest of each state, according to a study cited by the Institute. Texas came in second with about 21.4 per cent of losses in Louisiana was next with 6.8 per cent.

But Florida was only the third expensive state in which to secure a new homeland in 2000 after a number of Texas and Louisiana, according to the latest data on the average premium of the National Association of Insurance Commissioners.

Indeed, owners of the rule insurance coverage includes fire, hail, tornadoes and other disasters. Texas is the most expensive because it is in “Tornado Alley”, and it has most of billions of dollars in the form recently affirmed, “said Hartwig.

In most Atlantic coast and Gulf US housing in coastal areas may be deleted by insurers and owners are obliged to politics by insurers of last resort, which offers insurance specially designed for Damage caused by the hurricane and wind.

In Florida, the average annual premium storm has more than 200 per cent over the past decade to reach $ 1445 this year. In Texas, the storm had a rate of only 30 per cent during the last ten years at an annual average of $ 574.

Insurers say those rates reflect the geography of the Florida peninsula with so many coasts, while most other countries have large swath of territory out of the water. The rapid development of housing construction dollars of several buildings along the beaches of Florida as a contribution to the spiralling costs.

Consumer advocates say, the owner exceeded in some areas, because railroads hurricanes are unpredictable and can anywhere along the strike thousands of miles from the Atlantic coast and the Gulf.

“The idea is to insurance risk scatter and not isolate,” said Bill Newton, director of the Florida Consumer Action Network, a group of watchdog helps consumers.

Owner of a house in Mississippi’s Gulf Coast, Dale Buchanan of Belle Fontaine Beach, said he pays about $ 2800 per year for insurance, on several occasions the status of the average. He said he understands the insurance companies’ problem increase added that his company was organized and helped after Hurricane Georges damaged his house in 1998.

“They are in business to make money and it’s hard to do, if you have large losses Hit,” said Buchanan. “I do not really know that against them, I would simply like they are a little more equitably.

Some homeowners also complain because his insurance perhaps not all disasters. For example, give the assault as a general rule, insurance does not cover flood damage.

NEW ORLEANS - Robert Lynn Sr. Green ’s shield is outside his supporters in the city FEMA 9 Ward, a neighborhood flooded after Hurricane Katrina, proclaims: “If you build they come.”

It is a vision of hope, faith, a takeover. But this view is increasingly difficult for people here. In this once so vibrant, which is still largely locked 19 months after Katrina, empty treaties range of blocks.

The reconstruction of Green’s neighborhood and others in Louisiana and Mississippi hinges on many factors, including the need for construction aid. But nothing has perhaps more than the reconstruction of rising costs and availability of insurance offence.

Owner and proprietor said that their premiums have doubled or tripled since Katrina. Companies are delaying reconstruction. Workers have slowly. Sky High become insurance, which Mississippi Attorney General Jim Hood calls the “third storm to take the region - even after Katrina and the legal consequences to settle disputes concerning the insured loss.

What assurance is transformed to a crushing load of the population, the risk of ripple effect of jobs and by extending the region’s recovery. The employer is it difficult to recruit workers can not, at home or insurance can not get enough. High prices are compensation insurance tax breaks and government grants and federal governments have dangled to try and tooth development. And some say woes insurance companies are the driving force behind the State budget.

Katrina killed Green’s 73 years, mother, Joyce, and 3 years, granddaughter, Shanai, and took away his house. Now, with insurers progress memories or even rejection of the demand policy golf along the coast, Green’s difficulties when buying insurance is the owner of the house, another setback in its struggle for the reconstruction of his home and recover his life.

Insurers want to do business, so he does not want to do business, when it is not, “said Green, 52, plans to purchase a state policy-insurers, citizens of Louisiana, which ultimately cover pit - - In the case rate of at least 10% more than the private market - owners, insurance can not buy elsewhere.

“It targets a goal, they say here that the risk is so great, it can not reassure us,” said Green. “It makes it more difficult,” he says, “for people to come.”

In some neighborhoods of Louisiana and Mississippi, the effects of Katrina obsolete in the “for sale” signs that many proclaims: “I want yet.”

Hurricane Katrina has caused major damage or serious about 267000 homes in Louisiana and Mississippi. It is also down thousands of businesses.

One of the companies that have not been able to return to open Mermenteau Convenience, seafood and economy houses, Grand Chenier, who sells shrimp, crabs and catfish.

The owners and Penelope Keith Courvelle say they can not rebuild their seafood business because they can not be assured that it would now: $ 13000 per year about seven times, which pay before ” Katrina “. “If I could even, I would be already established, these business,” said Keith, 50

Disputes underway

Surges insurance rates, as hundreds of owners and contractors to remain blocked in the event of a dispute over payments made by insurers for Katrina damage. “Only one of the biggest stories in the lives of people here: Insurance Administration,” said Andy Kopplin of the Louisiana Recovery Authority, a national agency, which after Katrina to rebuild Louisiana.

A few kilometres from the Courvelles, Yancy and territorial Welch have been living in a trailer since the hurricane, because they have received has not been a policy of compensation for owners of houses destroyed Yancy’s home. All that is left of the house is the foundation.

“We are almost at the point where, now owner (insurance) did not pay, we do not want to be” (insurance), if we rebuild, “said Terri.

What is the hope of any payment to build a house.

But most owners are required to ensure their homeland because they regulated federal mortgage. Some owners are reluctant to rebuild without some assurance that insurance rates will decline. Percentage of homeowners have more than doubled along the coast, because “Katrina”; business has increased even more.

“People are ready, with a lot coming at home,” said Rep. Bobby Jindal, R-La. “But the cost of living, with the roof.”

Morris Strickland, the owner of the company, Ocean Springs, Miss, said he can not afford the reconstruction of his furniture shop or oil change, which were decimated by Katrina, because the skyrocketing insurance. It is also a change of plans to develop a shopping Plaza and the residence.

“The increase has agreed on everything,” said Strickland. “I can not afford an increase of 400% between them. I do not know, like any businessman.”

Insurers say they have prices to increase sharply along the Gulf Coast and in other coastal areas because these areas seem increasingly vulnerable to hurricanes. In addition to paring back or drop coverage for individuals and customers along the Gulf Coast, insurers are often the insured to pay 2% or more of all experts insurance before the launch in

“With forecasts of more intense and frequent hurricanes, the degree of risk is increased,” said Robert Hartwig, chief economist for information exchange group insurance institute. “Assurance, in order to reduce the risk of underwriting in these areas. ”

From the consumer policy is favourable, but regretted that insurers, higher prices unfairly. After Katrina, “the insurer began with a new formula for risk increases, with projections for short-term losses in coastal regions such as the Gulf Coast. This means higher prices for homeowners.

Some 15,000 customers of Encompass Insurance, a division of Allstate, the owners see an increase in their insurance September.

The 8586 customers Encompass Insurance Co. of America Encompass Property and Casualty Co. and increase the national average of 18.7 per cent. The 5410 customers Encompass Indemnity Co. is a national average rate of increase of 11.8 per cent.

Customers in the north of LA could actually declined, while customers in the region of New Orleans, increasing by 16 percent to 40 percent.

In addition to changing prices unanimously approved Tuesday at the monthly meeting of the Louisiana Insurance Rating Commission, Encompass plans to customers, an assessment of 15 percent Bail-out citizen of Louisiana things Corp. All owners house in the state costs were assessed to support the State Supported insurers of last resort “with its demands hurricane, and they are accepted for the costs of their clients.

Kevin Conlee, Senior actuary for Encompass, an Allstate brand that is sold by independent insurance agents and not by Allstate agents, found that most of these gains are intended to cover expenses for the purchase of reinsurance.

“Our cost base, we believe, one,” said Conlee Encompass compensation, which would only 4 percent plus one, if not the cost of insurance catastrophe for the purchase of receivables .

But Steven “Rock” Ruiz, a member of the Commission of Mandeville, there is the question, as was that Encompass could with such a modest pace of change if Allstate was in the register during recent meetings require much more increased. Allstate was in the hot seat in recent months and, last month in New Orleans Commission member Jabari Ragas Allstate is tantamount to answer a few questions to assess whether an increase in the company had won in April was valid .

“It is astonishing that you and ask you simply to an increase of 4 per cent, without insurance,” said Ruiz. “It is simply very different than what we saw last time.”

In addition, some 19,200 industrial customers fire safety plan Fire Insurance Co., 34 percent more on their bills from October. The company had a 66 percent increase, but it scales, after the department has expressed its concern.

Security Plan has not been an increase since 1999 and promised PAS members of the Commission, that the residence of his recordings in the future, it would not have Slam customers with a sharp increase again. The company plans to use the State flexband rating system, which allows companies, their prices up or down, especially as 10% just before provision without scoring, as these changes are payments Sound.

The strongest increase in the days went to plan Merit Insurance Co., which is a rate increase of 45.2 percent to 552 all customers, regardless of where they live, to leave immediately for new businesses and August 1 for renewal business.

John Dickson, Senior Vice President Business compliance with the Balboa Insurance Group Inc., who writes some insurance under the name of Merit plan, said that his company is not writing a new LA at the time, but wanted rate increase in a Being able to do so in the future.

“This is the first step in our assessment of the Louisiana insurance market for future opportunities,” said Dickson. “We believe that, over time, the new LA to a competitive market. We want to be ready to write policies of the state. ”

The Balboa Group is a division of Countrywide Financial Corp., in connection with the investigation of the Louisiana Attorney General Charles Foti for its relations with customers mortgage. The investigation remains open, but the Attorney General Office said that many consumer complaints have been successfully negotiated or are underway in the attack.