Read the full story at The Lever.
For communities across the country, Louisiana’s insurance crisis is a hint of what’s to come: Altogether, close to one in five residents in the state lost their homeowners insurance last year. Given past storms, many don’t have to imagine just how much damage the next hurricane could inflict. Now, they’re living with the constant uncertainty of knowing that when it does, they’ve lost their safety net.
Officials in the hardest-hit states say the answer is to deregulate insurance markets. Louisiana’s new insurance commissioner, Tim Temple, has encouraged a slate of new legislation that would weaken residents’ ability to sue insurers over unpaid claims and make it easier for insurers to drop homeowners.
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