Some high-risk commercial properties facing triple-digit rate increases
Commercial properties with poor loss histories and those located in CAT-prone areas could see rates grow as much as 150%, according to Alera Group.
Louisiana insurance incentive program receives $62M in funding requests
The state’s department of insurance reports that nine companies applied for more than $60 million in funding from the program.
Premium diversion scheme nets insurance agent 14-year prison sentence, $8.3M fine
The agent, who pled guilty to the charges in 2021, kept more than $4.8 million in premium payments for his personal use.
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