NU Online News Service, June 21, 3:12 p.m. EST

State Farm has come back to the Louisiana Department of Insurance and has asked for an 8.5 percent average statewide homeowners’ insurance rate increase.

In March the state’s largest writer of homeowners’ insurance with nearly 30 percent of the market was denied a 14.3 percent average statewide increase. Insurance Commissioner Jim Donelon questioned the company’s use of hurricane models. State Farm uses models from all three risk modeling firms (Risk Management Solutions, AIR Worldwide, and EQECAT).

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