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>> LOUISIANA Latest News

OCT 02, 2013 - San Francisco Chronicle

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State Farm raising La. homeowner insurance rates

According to State Farm's filing with the Insurance Department, the statewide increase will generate $40.1 million. Among other things, Donelon questioned the amount of profit built into the rates as well as the estimated cost of reinsurance, the insurance that insurance companies buy to protect themselves against excessive claims. State Farm has paid billions in storm-related claims to tens of thousands of Louisiana customers over the past 10 years, and the company knows more storms will occur in the future, Stephenson said. Insurance Department records show State Farm has increased ... Read More

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