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The Insurance Industry’s Brutal Climate Math

/ Owner - October 18, 2023

Eddie Lejuine, a trout fisherman living one town away, in Hackberry, used to pay $5,800 a year to a private insurer to cover the home he and his wife have lived in for decades, which now sits on stilts set at 16 feet above the water. The company dropped them in June 2021, right in the middle of hurricane season, Lejuine told me. The only insurer who would pick up their policy was the state insurer of last resort, Louisiana Citizens. This year, it cost them $16,000 to cover their home—a rate they can’t afford. They plan to cancel their insurance coverage altogether this year.   Read the article……………………………..

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