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This is the first depopulation under the new rules of the Take-Out Program through Act 131. (Photo: Citizens)

Louisiana Insurance Commissioner Jim Donelon announced the twelfth successful round of depopulation for the Louisiana Citizens Property Insurance Corporation (Citizens). Citizens offers property insurance to any home or business owner that cannot otherwise obtain it, at rates adjusted annually to keep it non-competitive with the private market.

This depopulation results in lower premiums for policyholders and reduces the potential for future assessments, which are charged to all property insurance consumers across the state when Citizens’ exposure exceeds their reinsurance coverage and cash availability.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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