Louisiana homeowners insurance is nation s third-most-expensive, study says, homeowners insurance new orleans.#Homeowners #insurance #new #orleans


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Louisiana homeowners insurance is nation’s third-most-expensive, study says

on January 03, 2010 at 6:35 AM

Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners.

The average premium in Louisiana for a standard homeowners policy in 2007, the most recent year for which data are available, was $1,400, up from $1,257 in 2006. That 11.4 percent jump was the largest increase in homeowners insurance in the nation.

Insurance Commissioner Jim Donelon said he wasn’t surprised by the data because 2007 was when the brunt of the rate increases after Hurricanes Katrina and Rita kicked in. After the storms, many insurers also increased the insured value of homes on people’s policies.

Donelon believes the 2008 figures will show improvement because that’s when the insurance department’s signature reform, a program to give insurers multimillion-dollar grants to do business in Louisiana, began. “I’m hopeful that next year we’ll see a decrease,” Donelon said.

As part of that program, several new insurers came to the state and took policies out of Louisiana Citizens Property Insurance Corp., which by law sells the most expensive insurance in the state. When these companies began selling policies directly to the public, they did so at rates that were lower than what many existing carriers were charging.

By the Louisiana Department of Insurance’s calculations, statewide average homeowners rates increased by 3.5 percent in 2007 and 2008, and 4.5 percent in 2009. Donelon said those numbers mean that no surprises lie ahead. “We have certainly stabilized,” he said.

While the numbers may not be as shocking going forward, it will be difficult for Louisiana to drop below No. 3 in the rankings because the next group of states have premiums that are more than $300 lower than in Louisiana. The next entity on the list, for example, is the District of Columbia, with an average premium of $1,089, followed by Oklahoma at $1,054. Mississippi and coastal states in the Northeast with high real estate values round out the list of the most expensive states.

In reality, policyholders in the New Orleans area pay much more than the figures from the insurance commissioners association or the state insurance department reflect because of the risk of hurricanes. The figures also do not reflect the cost of flood insurance, which is sold as separate policy.

Florida overtook Texas as the nation’s most expensive homeowners market in 2007, with premiums increasing by 10.7 percent to an average of $1,534. Actual figures are probably higher because the Florida numbers exclude policies from Florida Citizens Property Insurance Corp., the state’s largest insurer, which, by law, charges prices at the top of the market. Meanwhile, private homeowners policies that don’t include wind coverage are lumped in with those that do, skewing the results downward.

In Texas, the average homeowners policy sold for $1,448 in 2007, a 2.8 percent increase from the previous year. The NAIC cautions against comparing Texas to any other market because the standard homeowners policy in Texas is slightly different from policies in other states.

Texas, Florida and Louisiana are the nation’s most hurricane-prone states. But Louisiana’s position near the top of the list is remarkable because it’s a poor, rural state with few fancy coastal vacation property or large expensive homes.

Premium figures reflect not only rates, but real estate values, the cost of rebuilding, the type of construction and location.

Bob Hunter, director of insurance at the Consumer Federation of America, said the average premium in Louisiana is 70 percent higher than in the nation as a whole, which suggests that insurers are charging whatever the market will bear because there’s no threat of losing customers to a competitor.

“It’s not a competitive market, it tells us that much,” said Hunter, who is originally from New Orleans. “If I’m insuring you, I can basically charge whatever I want because no one’s going to take you from me as a customer.”

He believes that the state insurance department needs to take a closer look at the computer hurricane models that companies use to justify rates.



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EDUCATION
Tulane Law School, New Orleans, Louisiana, 1986, J.D.

Vanderbilt University, Nashville, Tennessee, 1981, B.A.

BAR COURT ADMISSIONS
Louisiana

PROFESSIONAL ASSOCIATIONS MEMBERSHIPS
Louisiana State Bar Association
American Bar Association
New Orleans Bar Association
Defense Research Institute
New Orleans Medical Jurisprudence Committee
International Association of Defense Counsel

AWARDS & HONORS:
Fellow, American College of Trial Lawyers

The Best Lawyers in America-Medical Malpractice Law

The Best Lawyers in America – ‘2013 Lawyer of the Year’ – Medical Malpractice/Defendants

Louisiana Super Lawyer

Leadership in Law Award-Top 50 Lawyers in New Orleans, 2007 & 2013

COMMUNITY ACTIVITIES:
Jewish Community Center
– Board of Directors, 2004 – Present
– Executive Committee, 2006 – Present
– Secretary, 2010

Southern Eyebank
– Board of Directors, 2006 – Present
– Vice President, 2009
– President, 2010

Anti-Defamation League
– Board of Directors, 2007 – Present

Ochsner Clinic Board of Pediatric Councilors, 2008-Present

Jewish Family Services
– Board of Directors, 2008-Present

HeartGift New Orleans
– Board of Directors, 2010
– Vice Chairman

Peter Sperling is a founding member of Frilot L.L.C. He leads the Medical Malpractice & Healthcare section at Frilot. For over 20 years, he has represented physicians in virtually every specialty, hospitals, medical schools, nurses, long-term care facilities, dentists and other healthcare providers in New Orleans and throughout Louisiana.

Mr. Sperling understands the complexity of medicine and the ever-changing, highly-regulated healthcare industry. He is extremely familiar with the New Orleans and Louisiana court systems and has handled some of the most significant cases brought against medical professionals in the area. With a unique combination of medical knowledge and accomplished trial skills, Mr. Sperling has gained a strong reputation as a leading advisor in the New Orleans healthcare community.

Mr. Sperling has shared his legal knowledge, experience and expertise with others through seminars, classes and articles. He routinely gives seminars and presentations to area hospital staffs and medical groups on topics such as proper charting and effective communication between healthcare practitioners and patients. Examples of publications and presentation topics include:

Nursing Home Litigation in Louisiana: Defense Perspective

Legal Aspects of Documenting in Medical Records

Ethical Issues, Legal Liability in Your Practice

Twenty Views Examining Louisiana Malpractice Law

Medical Malpractice Handbook (Contributor), New Orleans Bar Association

The Ten Never Evers of a Malpractice Case. Peter E. Sperling, J.D. and Neil Baum, M.D.

Mr. Sperling has extensive trial and appellate experience. In recognition of his trial expertise, he is a Fellow of the American College of Trial Lawyers, one of the premier legal associations in America.



Personal Injury Attorney Metairie La – Peyton B #burkhalter, #law, #firm, #pete #burkhalter, #personal #injury, #dui,, #criminal, #arressted, #new #orleans, #metairie, #jefferson, #real #estate, #law, #attorney, #mandeville, #st #tammany, #orleans, #experienced #attorney


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Welcome to Landry Swarr

Louisiana’s Asbestos Attorneys

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The attorneys at Landry Swarr are focused on asbestos law and will fight for the rights of victims and their families. We have extensive experience representing families dealing with all types of occupational diseases including malignantmesothelioma . lung cancer and toxic chemicals such as benzene . Our firm prides itself on being skilled, tough litigators while remaining sensitive to the pain and needs of the families we represent.

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When facing a complicated disease like mesothelioma you cannot afford to entrust your case to an attorney who handles litigation in a variety of fields. At Landry Swarr we have tremendous experience in the field of asbestos-related diseases. We have seen the anger and frustration of learning that a loved one has been wrongfully exposed to asbestos. We have witnessed first-hand the devastating effects these diseases have on families. We have conducted extensive research on the industries and companies who may have contributed to asbestos exposure, and we have focused our practice in this area of the law since 1999.

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