NU Online News Service, March 18, 3:04 p.m. EST
Insurance Commissioner Jim Donelon has approved an average 6.5 percent rate increase for the state's last resort insurer, the Louisiana Dept. of Insurance confirmed.
Louisiana Citizens Insurance Corp., which has about 115,000 property insurance policies in the state, had originally asked for a 9 percent rate hike. It is obligated to make a rate filing once a year.
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