"Disturbing" Property Claims Tactics Surging In Louisiana

Market watchers and participants have noticed an uptick in new legal entrants and public adjusters entering Louisiana as firms look to grab a slice of the claims pie - and some are using ‘concerning’ tactics, industry insiders have warned.

The beleaguered state is contending with an exodus of property capacity -- insurance agents have been involved in the scramble to rehome approaching 100,0000 policies following insurer exits and failures -- after two years in a row of hurricane hits from Laura, Delta, Zeta, and Ida.

Property insurance costs have risen sharply in Louisiana, with homeowners already paying an average of $2,009 a year, or 45% above the national average, according to Bankrate.