Triple-I: Louisiana would need 24 years of 85% CRs to offset 2021 losses
Louisiana homeowners insurers would need an average combined ratio of 85 percent for 24 years to offset 2021’s 462 percent combined ratio, while recent hurricanes have caused 12 insurers writing business in the state to go insolvent, according to an issues brief from the Insurance Information Institute (Triple-I).
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