Assist with the issuance of new and renewal insurance policies for The coverage territory is specifically defined by law.
Get a quick quote by entering a minimal amount of information. The board files premium rates with the state insurance commissioner for approval. It is also authorized to assess member insurers for operating losses in proportion to each insurer's property insurance premiums written in the most recent calendar year.
Under the program, insurers, reinsurers, and the government share in claim costs for earthquake damage in a three-tier scheme. Each property insurer doing business in Louisiana is a member of Louisiana Citizens for the purpose of assessments.
Most of the damage incurred during recent hurricanes was caused by flood, not wind. As private insurers limited their exposure in Florida due to increasing catastrophic risks, Citizens experienced an explosion of growth. The GUA files its premium rates with the state insurance department for approval.
The Foley project will further benefit the local community as the two structures will serve as shaded pavilions for park patrons. The MWUA's premium rates are subject to the insurance commissioner's approval. As conceived, TCIP was to be the sole source of funding for earthquake losses.
It covers uninsurable events of abnormal intensity, including floods, mud slides, landslides, drought, earthquakes, tidal waves, and avalanches.