Insurance Rate Hike

Thanks Louisiana!

BATON ROUGE -- A subdued Louisiana Insurance Rating Commission approved a trio of rate increases Wednesday for the beleaguered Louisiana Citizens Property Insurance Corp. after members learned they would face legal action from the board of the state-sponsored insurer of last resort if the rate hikes were denied.

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They just dont get it. How in the hell do they expect people to move back when they cant afford to insure their home for the bare minimum. I cant get any insurance co to insure my house because I live less than a mile from the lake, so my only option is the fair plan. Thanks to these jack*****, my $3000 a year policy is going to go up to around $4500, if I cant get another insurer by years end, I will probably just sell my house and get the hell out of here and Im sure I wont be the only one.

http://www.nola.com/business/t-p/index.ssf?/base/money-1/1169106614202260.xml&coll=1