Tag: homeowners insurance
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Louisiana’s Underwater Mortgage Crisis Signals Deeper Warning for the South
Louisiana has emerged as a crisis for underwater mortgages, with nearly 12% of homes seriously affected. Contributing factors include severe weather damaging properties and rising insurance costs due to regulatory issues. Although reforms are showing promise, the situation warns that housing stability relies on insurance viability and comprehensive market reforms beyond climate discussions.
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Oklahoma Targets State Farm With RICO Allegations — A High-Stakes Test for Insurance, Oversight, and Market Stability
Oklahoma Attorney General Gentner Drummond has intervened in a dispute with State Farm, alleging systematic underpayment of hail damage claims under the “Hail Focus Initiative.” The case, citing racketeering laws, raises questions about state insurance regulation amidst soaring premiums and ongoing litigation. The outcome could significantly impact Oklahoma’s insurance market.
Texas Bay News 