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Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%

October 11, 2022

Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of reinsurance.

Donelon approved Citizens’ request for a 63% rate increase, which will go into effect on Jan. 1, 2023. The rate increase will not impact current Citizens policyholders until they renew their policy after that date.

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